Bitdeer rises as bitcoin mining output triples
Tue 16:21
BUZZ-Bitdeer rises as bitcoin mining output triples ** Bitcoin mining and AI cloud infrastructure company Bitdeer Technologies BTDR.O up 3.6% at $7.97
** Co says it mined 1,355 bitcoins in September, up over 200% from a year earlier
** Self-mining computing power rises to 82.3 exahashes per second in September, from 35 exahashes per second a year ago
** Stock also boosted by a 1.3% gain in Bitcoin BTC= that is helping broader cryptocurrency and blockchain-related stocks
** 13 of 14 brokerages rate stock "buy" or higher and 1 "hold"; median PT $22 - data compiled by LSEG
** Including session moves, BTDR down over 27% YTD, underperforming peers CleanSpark CLSK.O and MARA Holdings MARA.O, which have lost over 13% YTD
(Reporting by Jayasree Prabhu)