B. Riley analyst Nick Giles lowered the firm’s price target on Bitdeer (BTDR) to $29 from $32 and keeps a Buy rating on the shares. B. Riley remains constructive on Bitdeer following the Q3 earnings report, with key catalysts including mass production of the first-generation A4 chip in 1Q26 and any potential HPC/AI contract announcements or GPU procurement updates, the analyst tells investors in a research note.
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