KBW Initiates Outperform Ratings for Bitdeer, CleanSpark, Core Scientific
KBW initiated an outperform rating for three Bitcoin miners: Bitdeer Technologies, CleanSpark, and Core Scientific.
- Bitdeer offers diverse exposure through mining and a growing ASIC manufacturing arm. It has an AI/HPC unit with a live cloud service platform. KBW set a price target of $26.50; shares traded at $20.60.
- CleanSpark targets a hashrate of 50 EH/s by mid-2025, benefiting from an efficient fleet. KBW's price target is $19.
- Core Scientific holds a significant AI/HPC hosting contract with CoreWeave and aims to secure more capacity. KBW's price target is $22; shares were at $16.
Galaxy remains the bank's top outperform idea in digital assets.