Barclays has initiated coverage of Bitdeer Technologies Group with an Overweight rating and a $15 price target, implying approximately 56% upside from the current share price of around $9.63. The London-based bank is betting on the Bitcoin miner’s strategic pivot toward AI and high-performance computing infrastructure, anchored by a landmark 16-year, $4.7 billion colocation lease covering 121 MW at its Tydal, Norway facility. Revenue from that deal is expected to start flowing in early Q1 2027. Bitdeer’s Q2 2026 revenue came in at $228.8 million, a 47% jump year-over-year.
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