Here is Why Bitdeer Technologies (BTDR) is Favored by Hedge Funds

Bitdeer Technologies (NASDAQ:BTDR) is one of the best bitcoin mining stocks to buy according to Hedge Funds.

As of December 24, consensus ratings remained strongly in favor of Bitdeer Technologies (NASDAQ:BTDR), despite a 47% drop in share price during 2025. The stock received coverage from 11 analysts, all of whom have assigned Buy ratings. As per estimates, the consensus 1-year average price target stands at $32.55, offering an upside potential of 183.3%.

On December 15, Brett Knoblauch from Cantor Fitzgerald also reaffirmed his bullish view on Bitdeer Technologies (NASDAQ:BTDR). The analyst assigned a Buy rating with a price target of $34, which implied a huge upside potential of 196%.

Bitdeer Technologies (NASDAQ:BTDR) recently reported its bitcoin production figures for November 2025, showcasing a large jump in self-mining hashrate to 45.7 EH/s. The company produced 526 bitcoins during the month, witnessing a 251% year-on-year growth, driven primarily by an efficient usage of SEALMINER mining rigs.

The management is currently expanding its AI cloud capabilities through the development of new data center infrastructure. This also includes their development plans in Malaysia. The figures for November reported a $10 million increase in annual recurring revenues for the business due to the company’s expansion into new areas.

Bitdeer Technologies (NASDAQ:BTDR) offers bitcoin mining capabilities covering the entire lifecycle, including self-mining as well as services for external customers. For self-mining, the company has been effectively utilizing SEALMINER rigs to expand its hashrate. Apart from that, the company also designs chips and operates data centers.

While we acknowledge the risk and potential of BTDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BTDR and that has 10,000% 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.