Research firm Benchmark maintained its Buy rating and $22 price target for Bitdeer Technologies Group, despite reducing its previous target of $27, with the stock currently trading around $11. The bitcoin miner reported Q2 2026 revenue of $228.8 million, a 47% year-over-year increase driven by a near-fivefold surge in bitcoin production to 2,694 units. The self-mining segment generated $168.4 million in revenue, while AI cloud revenue reached $14 million, up 284% from Q1 2026. The company however posted a wider net loss as expansion costs outpaced revenue growth.
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