Here is Why Bitdeer Technologies (BTDR) is Favored by Hedge Funds

Group 1: Company Performance and Ratings - Bitdeer Technologies (NASDAQ:BTDR) is highly regarded by hedge funds as one of the best bitcoin mining stocks to buy, with a consensus of 11 analysts all assigning Buy ratings despite a 47% drop in share price during 2025 [1] - The consensus 1-year average price target for Bitdeer Technologies stands at $32.55, indicating an upside potential of 183.3% [1] - Analyst Brett Knoblauch from Cantor Fitzgerald reaffirmed a bullish view on Bitdeer Technologies, assigning a price target of $34, which implies a potential upside of 196% [2] Group 2: Production and Growth Metrics - In November 2025, Bitdeer Technologies reported a significant increase in self-mining hashrate to 45.7 EH/s and produced 526 bitcoins, reflecting a year-on-year growth of 251% [3] - The growth in bitcoin production was primarily driven by the efficient use of SEALMINER mining rigs [3] Group 3: Business Expansion and Revenue Growth - The management of Bitdeer Technologies is expanding its AI cloud capabilities through new data center infrastructure, including development plans in Malaysia [4] - The company reported a $10 million increase in annual recurring revenues due to its expansion into new areas [4] Group 4: Business Model Overview - Bitdeer Technologies offers comprehensive bitcoin mining capabilities, including self-mining and services for external customers, effectively utilizing SEALMINER rigs to enhance its hashrate [5] - The company also designs chips and operates data centers, further diversifying its business model [5]