Bitcoin (Btc) Miners Bitdeer Technologies (BTDR), Cleanspark (CLSK) and Core Scientific (CORZ) have begun an outperform rating of KBW, the investment bank said in a report Monday.
Bitcoin’s three mining companies have offered different levels of exposure to the largest cryptocurrency, the bank said.
Bitdeer offers different exposure to a Bitcoin mining business model enlarged by a growing ASIC manufacturing arm, the report said.
The company also has an artificial intelligence (AI)/High Performance Computing (HPC) unit with the “Live Cloud Service Platform and a stable power pipeline that provides optional for hosting opportunities /co-lo-location ”in the future.
KBW has a price target of $ 26.50 in BitDeer sharing. Stock is 0.3% less around $ 20.60 in early trading.
CleansPark is one of the largest public -listed miners in the bank range, with approximately 50 exahashes per second (eh/s) hashrate target for mid 2025. It benefits from one of the most excellent that mining fleets in the sector provide “strong economic units and outsized BTC production.”
KBW provided stock of $ 19 target price.
The core scientific offers exposure to the largest and most attractive -attractive service contract with the AI/HPC service in sector by sector by 12-year deal It was ink with Coreweave last year, as well as Bitcoin mining, KBW said.
The Core Scientific is well positioned in “secure increasing capacity” as it has an engineering team with previous experience with data center operations, the report added.
KBW started the scope of shares with a target price of $ 22. The Core Scientific traded a little changed to $ 16 on Monday.
Galaxy (Glxy) remains the highest idea of the bank’s outperform in the digital assets space.
Read more: Bitcoin’s mining economics is expected to be stable, up to 2025, Canaccord says
