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Benchmark sees over 150% upside for Bitdeer as AI data buildout grows

Benchmark said Bitdeer’s bitcoin mining cash flow could help fund its $4.7 billion AI data-center development plan.

Reported · Written up by our desk · Altcoins

Benchmark analysts at The Block highlighted what they view as significant upside for Bitdeer, pointing to an AI-focused expansion tied to the company’s bitcoin mining operations.

The outlet said the research projects more than 150% potential upside, with the thesis linked to bitcoin mining generating funding for Bitdeer’s AI data-center buildout.

According to The Block, Bitdeer is planning a $4.7 billion AI data-center construction effort, and Benchmark expects the mining business to support that investment trajectory.

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