Benchmark has increased its price target for Bitcoin miner Bitdeer Technologies to $38, up from $24, suggesting a potential upside of over 50%. This adjustment follows Bitdeer's strategic pivot towards artificial intelligence and the development of in-house data centers. The company's strategy also includes next-generation SEALMINER rigs and Bitcoin self-mining. Analyst Mark Palmer highlighted that Bitdeer's control over the full value chain could enhance margins and speed up monetization. As Bitdeer expands into AI and high-performance computing, it plans to transform its 3 GW global power pipeline into more than $2 billion in annualized revenue by late 2026.