Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, issuing the miner with a “buy” rating and setting a price target of $13.
Bitcoin (BTC) miner Bitdeer has one of the lowest “all-in mining costs” of publicly traded mining firms, a factor which could make it more competitive following the Bitcoin halving, according to investment banking firm Benchmark.
In a March 14 analyst note viewed by Cointelegraph, analyst Mark Palmer announced that Benchmark had initiated coverage on Bitdeer Technologies Group, issuing a “buy” rating on the company and setting a price target of $13.
Bitdeer is a Bitcoin mining firm spun off from Chinese parent company Bitmain, one of the world’s largest Bitcoin mining equipment manufacturers.
