Roth Capital Lifts PT on Bitdeer Technologies Group (BTDR) Stock

Bitdeer Technologies Group (NASDAQ:BTDR) is one of the Unstoppable Stocks to Buy and Hold for the Next 5 Years. On September 22, Roth Capital lifted the price target on the company’s stock to $40 from $18, while keeping a “Buy” rating, as reported by The Fly. As per the analyst, Bitdeer Technologies Group (NASDAQ:BTDR)’s exposure to high-performance computing and AI might not be the narrative right now, but it will quickly become one over the upcoming 6 – 9 months.

Roth Capital Lifts PT on Bitdeer Technologies Group (BTDR) Stock

Bitdeer Technologies Group (NASDAQ:BTDR)’s Q2 2025 revenue came in at $155.6 million, reflecting a rise of 56.8% YoY and 121.9% sequentially, thanks to the healthy growth in its self-mining business and external sales of the SEALMINER A2s. Coming to the energy, Bitdeer Technologies Group (NASDAQ:BTDR) continued rapidly building its global power and datacenter infrastructure. On a YTD basis, it energized 361 MW of datacenter capacity for self-mining, bringing the total available electrical capacity to ~1.3 GW. Bitdeer Technologies Group (NASDAQ:BTDR) expects to have more than 1.6 GW by year-end.

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.