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.
A construction team in a mining datacenter building work site with plans and equipment in hand.
Bitdeer Technologies Group 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, stated that the company is on track to reach a rate of 40 EH/s by the end of October 2025.
Bitdeer Technologies Group 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.
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This article is originally published at Insider Monkey.