Connect with us

Press Release

Three Investment Banks Initiate Coverage On Bitdeer With Buy Ratings And Price Targets Implying Potential Triple-Digit Upside

Published

on

–News Direct–

By Austin DeNoce, Benzinga

Three prominent capital markets firms recently initiated coverage on Bitdeer Technologies Group (NASDAQ: BTDR), a key player in the Bitcoin and high-performance computing (HPC) sector. Bitdeer is known for its diversified and vertically integrated operations that span self-mining, hash rate sharing, AI Cloud services and now Bitcoin mining chip development. Their unique position in the market has caught the attention of Roth/MKM, B. Riley Securities and BTIG, each of which offered its insights and projections on Bitdeer shedding light on its potential in the rapidly evolving Bitcoin mining landscape.

Roth/MKM's Coverage

Roth/MKM kicked off its analysis of Bitdeer Technologies Group with a bullish stance, awarding it a Buy rating and setting a price target of $14, which suggests a sizable move from its current price of about $7. The firm highlights Bitdeer's ambitious expansion plans, given that Bitdeer aims to increase its capacity to approximately two gigawatts in the foreseeable future. This expansion is viewed as a major growth opportunity, potentially establishing Bitdeer as a formidable force in the mining sector. Despite the capital requirements for scaling operations, Roth/MKM is optimistic about Bitdeer's growth trajectory, citing the company's diversified business segments as a robust investment proposition. Their positive outlook is further buoyed by Bitdeer's potential to significantly boost its mining capacity to enhance its overall position in the Bitcoin mining industry.

B. Riley Securities Coverage

The second investment bank shifting its focus to Bitdeer was B. Riley Securities, which also commenced its coverage with a Buy recommendation, forecasting a striking upside of more than 140% with an average one-year price target of $15.30. This optimistic projection is underpinned by an anticipated revenue jump to $381 million for Bitdeer, coupled with a projected non-GAAP EPS of $0.44. The bullish sentiment is also supported by a substantial increase in institutional interest, as indicated by a significant uptick in the number of funds reporting positions in Bitdeer. Last quarter, only four funds held Bitdeer, but that figure has since surged to 53. According to B. Riley Securities, this growing institutional backing, along with a favorable put/call ratio, underscores the financial community's confidence in Bitdeer's future prospects.

BTIGs Coverage

Lastly, BTIG analyst Gregory Lewis issued a third Buy rating on Bitdeer, with a price target of $15. Lewis points to Bitdeer's established presence as a global Bitcoin miner and its diversified operations, which include a substantial self-mining hash rate and hosting capabilities. With plans to quadruple its self-mining capacity to about 30 EH, leveraging around 1,075 MW of power infrastructure, he believes Bitdeer is well positioned to enhance its competitive edge in the market. Lewiss endorsement is predicated on Bitdeer's strategic investments in equipment technology and its advantageous power infrastructure, which are expected to reinforce its standing at the lower end of the cost curve.

Coverage Initiations Mark A Key Milestone For Bitdeer

The initiation of coverage by Roth/MKM, B. Riley Securities and BTIG marks a pivotal moment for Bitdeer, reflecting growing confidence in its strategic direction and recognition of its growth potential within the Bitcoin mining industry. With ambitious expansion plans and a focus on diversification and technological advancements like the companys latest foray into custom mining chips, Bitdeer seems poised to carve out a significant niche in the Bitcoin mining and high-performance computing sectors. The endorsements from these investment banks highlight Bitdeer's potential and they also signal a broader recognition of its role in shaping the future of the industry.

Featured photo by Hans Eiskonen on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

Contact Details

Benzinga

+1 877-440-9464

info@benzinga.com

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/three-investment-banks-initiate-coverage-on-bitdeer-with-buy-ratings-and-price-targets-implying-potential-triple-digit-upside-698321832

Benzinga

comtex tracking

COMTEX_450222606/2655/2024-04-02T08:32:25

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Step into a World of Strength and Survival with ‘The Eyes From Above’

Published

on

Uncover The Secrets Of The Eyes From Above: Jabari Lamb Invites Readers On An Inspiring Journey Of Triumph, Survival, And Self-Discovery

Ride on a journey of power, survival, and the unbreakable human spirit in the new novel by Jabari Lamb titled “The Eyes From Above.” A Nationwide Release will thereafter tell the story of family, perseverance, and reclaiming one’s identity in a world fraught with danger and hostility.

Track the life of Connie, fighting his way through dangerous waters to uncover long-buried truths about his family’s past, as he evades sinister forces who are determined to stop him at every step. In Charleston, South Carolina, this is the story peeling historical trauma, mythical elements, and an African sense of roots into a bewitching tapestry of history, fantasy, and raw emotion.

There’s that richness of culture and heritage alive through the eyes of his Gullah Geechee perspective: all the trials and triumphs of the African diaspora. He spent time abroad in South Africa, exploring other pockets of the African continent; he weaves a very personal, detailed narrative of African traditions and powerful ancestral connections that should speak to readers from every part of this world.

For high drama or soul-stirring histories, be sure to read “The Eyes from Above” to question what truth is and what is in memory. This book is available in bookstores all over the country and in stores online.

About the Author

A bold, new voice in literature, Jabari Lamb blends history and mythology and his Gullah Geechee heritage in stories hard to forget. This impressive young writer’s novel, The Eyes From Above, explores African roots and displacement based on his journey learning about the Gullah Geechee people, the history of African-Americans, and his trip to South Africa. A voice unique unto his own, Jabari extends the invitation to the reader to consider the fluidity of memory and identity and, indeed, the truth. The Eyes From Above makes its wonderful debut into the literary world.

Media Contact:

Contact Person: Jabari Lamb

Email: Jabarilamb1847@gmail.com

Phone: 770-580-3190

Website: Jabarilamb.com

City: Atlanta

State: Georgia

Country: United States

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide

Published

on

United States, 17th Oct 2024, Yijin Hardware, a key player in precision CNC machining, has announced the global expansion of its sheet metal fabrication services. This development is aimed at supporting industries worldwide with high-quality, custom-engineered metal components. By extending services to new markets, Yijin Hardware strengthens its position as a reliable manufacturing partner for sectors that require precise, durable parts, such as automotive, aerospace, and electronics.

Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide

Yijin Hardware has a long history of providing precision-engineered components, and its expansion into international markets reflects the company’s response to rising demand for reliable sheet metal fabrication services. The new offerings will include laser cutting, metal bending, welding, and a variety of other fabrication processes, designed to accommodate a wide range of industrial applications.

“Precision and quality have always been at the heart of Yijin Hardware’s operations,” said Gavin Yi, CEO of Yijin Hardware. “The expansion of sheet metal fabrication services is a natural progression in the company’s growth, enabling access to more industries worldwide that require high-performance metal components for their operations.”

The sheet metal fabrication sector has seen increasing demand as industries move towards more complex and custom-engineered solutions. Yijin Hardware’s global expansion is positioned to meet these growing needs by offering scalable services that are capable of handling both small-scale production and larger manufacturing runs. The company’s advanced facilities are equipped with the latest machinery, ensuring that each part meets precise specifications and high-quality standards.

Yijin Hardware has also invested heavily in upgrading its production infrastructure to support the increased demand from international clients. Enhancements in laser cutting, welding, and assembly operations have been key factors in enabling the company to offer a more diverse set of services globally. The ability to handle custom and high-volume orders without compromising on quality is a cornerstone of Yijin Hardware’s service offerings.

Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide

“Looking ahead, Yijin Hardware is committed to further advancing its manufacturing capabilities,” Gavin Yi added. “There are plans to introduce more cutting-edge technologies that will enhance both CNC machining and sheet metal fabrication services. These advancements will ensure the company remains well-positioned to address the evolving needs of industries in the future.”

Yijin Hardware’s expanded services will cater to industries with a need for complex, high-precision components, including automotive parts, aerospace structures, and electronic enclosures. With a focus on maintaining strict quality control throughout the production process, the company aims to provide solutions that meet exacting industry standards.

As part of its expansion strategy, Yijin Hardware continues to emphasize innovation and efficiency. These principles are expected to guide the company’s future developments as it explores new manufacturing technologies and methods. The expansion also supports the company’s vision of being a global leader in precision engineering.

For further information about sheet metal fabrication services, please contact Yijin Hardware at +1 626 263 5841 or via email at yijing@yijinsolution.com. 

Media Contact

Organization: Yijin Hardware

Contact
Person:
Gavin Yi

Website:

http://yijinsolution.com/

Email:

yijing@yijinsolution.com

Country:United States

The post Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Yijin Hardware Offers Global CNC Machining Services from China

Published

on

United States, 17th Oct 2024, Yijin Hardware, a well-established provider of custom CNC machining services, has announced its expansion into global markets. The company, recognized for its precision manufacturing capabilities, aims to support international businesses in industries such as aerospace, automotive, electronics, and medical with tailored CNC solutions. This move comes as industries worldwide increasingly require high-quality, custom-manufactured components to meet modern production needs.

Yijin Hardware Offers Global CNC Machining Services from China

Yijin Hardware’s decision to extend its services beyond China reflects its commitment to addressing the needs of a broader range of industries. With years of experience in CNC machining, the company has developed a reputation for delivering reliable and precise parts to a diverse set of clients. The expansion will provide industries worldwide with access to Yijin Hardware’s capabilities, backed by advanced technology and stringent quality control.

Gavin Yi, CEO of Yijin Hardware, commented on the expansion: “This move into international markets represents a significant milestone. Yijin Hardware has always emphasized precision and reliability, and this expansion allows those same standards to be brought to clients around the world. Whether the project involves a small batch of components or a large production run, the company is prepared to meet the exacting standards required by global industries.”

Operating from its facilities in Shenzhen, Yijin Hardware manages the full lifecycle of production, from initial design to final inspection. This comprehensive approach ensures that each project is carefully monitored to meet specific client requirements. Yijin Hardware’s ability to offer customized machining solutions is seen as a key factor in its growth, particularly as companies increasingly seek specialized components for complex applications.

Previously focused primarily on the domestic market in China, Yijin Hardware’s expansion aims to deliver the same level of precision and service to international clients. By positioning itself as a global CNC machining provider, the company plans to strengthen relationships with existing partners while establishing new connections in other regions.

Yijin Hardware Offers Global CNC Machining Services from China

This global expansion comes at a time when demand for CNC machining services is rising due to the increasing complexity of product designs and the need for enhanced precision in manufacturing. As industries continue to evolve, CNC machining remains crucial to ensuring that parts meet exact specifications. Yijin Hardware has embraced this role through continuous investment in advanced equipment and machining techniques.

Looking ahead, Yijin Hardware is also focused on the future of manufacturing and its impact on sustainability. The company plans to explore new methods that reduce material waste and promote more efficient production processes. According to Gavin Yi, “As the company expands globally, attention is focused not only on immediate goals but also on contributing to long-term sustainable manufacturing. CNC machining plays a critical role in reducing waste and improving production efficiency. Yijin Hardware is committed to finding ways to make processes more environmentally friendly, to become a leader in both precision and sustainability.”

Yijin Hardware’s entry into global markets signals a broader shift in its strategy, focusing on serving a more diverse range of industries with its expertise in CNC machining. By offering international clients access to its advanced manufacturing solutions, the company aims to become a trusted partner for businesses looking to streamline production with high-quality, custom-manufactured parts.

For more information about Yijin Hardware’s global CNC machining China, inquiries can be directed via phone at +1 626 263 5841 or by email at yijing@yijinsolution.com.

Media Contact

Organization: Yijin Hardware

Contact
Person:
Gavin Yi

Website:

http://yijinsolution.com/

Email:

yijing@yijinsolution.com

Contact Number: 16262635841

Country:United States

The post Yijin Hardware Offers Global CNC Machining Services from China appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST