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H.C. WAINWRIGHT & CO. rates Bitdeer (Nasdaq: BTDR) as a buy targeted at USD20 per share in a recent report

Its recent analyst report provides some compelling points entitled Bitdeer “Recent Sell-Off Creates Compelling Buying Opportunity”. Highlights that Bitdeer’s “business fundamentals remain strong” and that many of its shares were subject to a lock-up agreement, which impacted trading volume once it expired. “As shares now trade below 1x our 2024 revenue estimate, vs. a ~3x revenue multiple ascribed to large-scale mining peers.”

NVIDIA, Q3, and more discussed. The report can be viewed here:

https://hcwco.bluematrix.com/sellside/EmailDocViewer?encrypt=036f95ce-38ea-432f-81be-d523f96c5162&mime=pdf&co=Hcwco&id

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