Bitdeer Technologies Group (BTDR) Pursues Growth Across Crypto and Advanced Computing

Bitdeer Technologies Group (NASDAQ:BTDR) is one of the best US stocks to buy under $50. On January 16, analysts at BTIG reiterated a Buy rating on Bitdeer Technologies Group (NASDAQ:BTDR) and set a $25 price target.

Bitdeer Technologies Group (BTDR) Gains Analyst Confidence with Strong Mining Growth and AI Expansion

Source: Unsplash

The research firm remains confident about the company’s prospects, having raised its 2025 revenue estimates to $615 million from an initial projection of $588 million. It also expects 2026 revenue to reach $1.1 billion, an improvement from its initial guidance of $1 billion. Likewise, the research firm expects the company to deliver EBITDA of about $374 million.

Analysts at Rosenblatt Securities have also reiterated a Buy rating on the stock with a $30 price target, impressed by the company’s productive December performance. During the month, the company increased its Bitcoin mining output by 21% as it expanded the deployment of its generation mining rig, Sealminer A3, to 5.9 EH/s from 0.6 EH/s in November. Rosenblatt has also touted the company’s prospects as it converts an additional 225MW capacity to support AI applications.

Bitdeer Technologies Group (NASDAQ:BTDR) is a global tech company specializing in Bitcoin mining and AI cloud services, offering end-to-end solutions including datacenter management, hash rate sharing, and proprietary mining, while also expanding into robust AI infrastructure with NVIDIA GPUs for advanced computing workloads.

While we acknowledge the potential of BTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BTDR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.