Northland Securities Maintains a Buy Rating on Bitdeer Technologies (BTDR), Sets a $20 Price Target

Bitdeer Technologies Group (NASDAQ:BTDR) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 11, Northland Securities analyst Michael Grondahl maintained a Buy rating on Bitdeer Technologies Group (NASDAQ:BTDR) and set a price target of $20.00.

Bitdeer (BTDR) Jumps 7.6% as Investors Optimistic on Passage of Digital Coins Bills

A construction team in a mining datacenter building work site with plans and equipment in hand.

Bitdeer Technologies Group (NASDAQ:BTDR) reported 203 bitcoins mined in its June 2025 update, reflecting a 4% growth from May 2025.

This growth was attributed to the increased average self-mining hashrate resulting from the energization of SEALMINERs. The company grew its self-mining hashrate by 21% to 16.5 EH/s due to the continued deployment of SEALMINERs.

Matt Kong, Chief Business Officer at Bitdeer Technologies Group (NASDAQ:BTDR), stated that the company is on track to reach a rate of 40 EH/s by the end of October 2025.

Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company specializing in blockchain and computing, offering hash rate sharing solutions, including Cloud hash rate and one-stop mining machine hosting solutions for efficient cryptocurrency mining. It has taken the lead as the largest vertically integrated Bitcoin miner.

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.