Benchmark calls Bitdeer ‘comparatively inexpensive’ as it reiterates $27 price target for BTDR shares

Bitdeer's AI cloud ARR reached $43 million as of end-March, a 105% jump month-over-month, and Benchmark reiterates a $27 price target for BTDR shares, calling Bitdeer 'comparatively inexpensive'. Bitdeer's self-mining hashrate continues to grow. The significant increase in ARR is a notable development for the company.