Benchmark sees Bitdeer’s in-house AI expansion improving margins and speeding revenue timeline

Benchmark analysts maintained a bullish stance on Bitdeer Technologies Group, asserting that the company's decision to handle AI-data center development internally is strategically sound. This in-house approach is expected to improve the economics derived from its planned artificial intelligence and high-performance compute facilities, shortening the time from infrastructure buildout to revenue generation. Bitdeer is developing a 570-megawatt campus in Ohio, expecting power availability ahead of schedule, and is evaluating converting its Norway site for AI workloads, aiming to deliver about 200 MW of dedicated AI capacity by the end of 2026. Benchmark noted that Bitdeer's vertically integrated model—covering construction, mining, and manufacturing—provides a competitive edge over peers focusing only on bitcoin. This analysis follows a broader market re-rating of compute infrastructure, highlighted by the BlackRock/Nvidia data center deal. Following the report, Bitdeer shares rose, and Benchmark assigned a $38 price target.

(Source：The Block)