11 Tech Stocks to Buy According to Analysts

Page 3 of 10

8. Bitdeer Technologies Group (NASDAQ:BTDR)

Number of Hedge Fund Holders: 17

Average Upside Potential as of July 30: 52.91%

Bitdeer Technologies Group (NASDAQ:BTDR) is one of the tech stocks to buy according to analysts. On July 10, B. Riley lowered its price target on Bitdeer from $18 to $17, while maintaining a Buy rating on the shares. The adjustment showed updated estimates in the high-performance computing space, following a review of Bitdeer’s Q2 actuals.

In Q1 2025, Bitdeer Technologies reported increasing its self-mining hash rate to 11.5 exahash per second (EH/s), with ambitious plans to reach 40 EH/s by the end of October this year. An exahash per second represents one quintillion hashes per second, indicating the computational power of a blockchain network.

Bitdeer is also expanding its global power capacity, anticipating ~500 megawatts of new self-mining power capacity by mid-2025, which would bring its total capacity to nearly 1.6 gigawatts. The expansion includes a focus on geographic diversification, with power capacity in Norway and Bhutan. The company is also developing its own AI technology and has secured a loan agreement with Matrix Finance and Technology Holding Company for ~$200 million to support its expansion.

Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company for blockchain and high-performance computing/HPC in Singapore, the US, Bhutan, and Norway.

Page 3 of 10