4 months ago
Bitcoin (BTC) miners Bitdeer Technologies (BTDR), CleanSpark (CLSK) and Core Scientific (CORZ) were initiated with an outperform standing by KBW, the concern slope said successful a study Monday.
The 3 bitcoin mining companies connection varying degrees of vulnerability to the largest cryptocurrency, the slope said.
Bitdeer offers divers vulnerability to a bitcoin mining concern exemplary that is augmented by a increasing ASIC manufacturing arm, the study said.
The institution besides has an artificial quality (AI)/high show computing (HPC) portion with a "live unreality work level and a robust powerfulness pipeline that affords optionality for hosting/co-location opportunities" successful the future.
KBW has a terms people of $26.50 connected Bitdeer's shares. The banal was 0.3% little astatine astir $20.60 successful aboriginal trading.
CleanSpark is 1 of the largest publically listed miners successful the bank's coverage, with a astir 50 exahashes per 2nd (EH/s) hashrate people for mid-2025. It benefits from 1 of the astir businesslike mining fleets successful the assemblage which gives it "strong portion economics and outsized BTC production."
KBW gave the banal a $19 terms target.
Core Scientific offers vulnerability to the biggest and astir appealing AI/HPC hosting services declaration successful the assemblage done the 12-year deal it inked with CoreWeave past year, arsenic good arsenic bitcoin mining, KBW said.
Core Scientific is good positioned to "secure incremental capacity" arsenic it has an engineering squad with erstwhile acquisition successful information halfway operations, the study added.
KBW initiated sum of the shares with a $22 terms target. Core Scientific was trading small changed astatine $16 connected Monday.
Galaxy (GLXY) remains the bank's apical outperform thought successful the integer assets space.
Read more: Bitcoin Mining Economics Expected to beryllium Stable, Profitable successful 2025, Canaccord Says
English (US) 