Benchmark raises Bitdeer's target price to $16

According to a research report from investment bank Benchmark on Monday, the growing interest from artificial intelligence (AI) and high-performance computing (HPC) companies in energy assets of cryptocurrency miners in recent months has boosted the value of Bitdeer. As a result, Benchmark raised its target price for Bitdeer from $13 to $16 and reiterated its buy rating on the stock. In pre-market trading, the stock traded at $11.10.