Benchmark considers Bitdeer's stock price "relatively cheap" and reiterated its $27 price target for the stock.

CoinFeed reported on May 8th that, according to The Block, Benchmark Equity Research reiterated its "buy" rating and $27 price target for Bitcoin mining company Bitdeer Technologies, stating that the stock has the potential for valuation reassessment as a target for the transformation from Bitcoin mining to AI/HPC infrastructure. Analyst Mark Palmer pointed out that Bitdeer's stock price rose nearly 21% on Wednesday after Hut 8 announced a 352 MW AI data center deal with Beacon Point, reflecting investor enthusiasm for hybrid Bitcoin mining and AI companies.