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Bitcoin Mining Leaders Bitdeer, CleanSpark & Scientific Rated 'Outperform'

Staff Writer
Staff Writer
Feb. 09, 2025

Bitcoin mining firms Bitdeer Technologies, CleanSpark, and Core Scientific rose to prominence after Keefe Bruyette & Woods (KBW) established their "outperform" rating for these companies. The optimistic market sentiment creates confidence about the sector's long-term capacity to prosper within an increasingly complex digital currency system.

Bitcoin Mining Leaders Bitdeer, CleanSpark & Scientific Rated 'Outperform'

Diverse Exposure Through Bitdeer

As a major bitcoin mining organization, Bitdeer Technologies (BTDR) operates through multiple business segments, which attract significant industry interest. Bitdeer's comprehensive operations include strong bitcoin mining together with manufacturing ASIC mining rigs, which serve as vital elements of mining infrastructure. High-performance computing (HPC) along with artificial intelligence (AI) capabilities establish additional components for the company's portfolio. The combination of Bitdeer's live cloud service platform and power pipeline offers mining operators exclusive placement options for hosted facilities through co-location initiatives. During early trading on Monday Bitdeer shares priced around $20.60 while KBW analysts established a $26.50 target price. Bitdeer receives institutional endorsement from the bank because it proves suitable for blockchain industry growth over extended periods while expanding its offerings.

CleanSpark: Efficiency and Growth Potential

CleanSpark (CLSK) ranks as one of the largest publicly traded bitcoin miners who developed its specialized mining fleet to establish its market position. The company aims to achieve fifty exahashes per second (EH/s) BTC production efficiency by mid-2025, which establishes it as an industry leader in BTC energy efficiency. The market establishes CleanSpark as a top choice for stable operational performance and expanding capabilities because of its robust economics. According to KBW the projected price target for CleanSpark shares stands at $19 while demonstrating positive perspectives about future expansion.

Core Scientific: A Dual-Focused Powerhouse

Core Scientific (CORZ) gains prominence through its simultaneous operation of bitcoin mining services together with AI/HPC hosting services. The 12-year CoreWeave partnership demonstrates how Core Scientific enables high-performance computing solutions through scalable infrastructure. Core Scientific possesses the expertise from its well-established engineering staff with data center operating experience that enables future capacity expansion. According to KBW analysts, the $22 price target demonstrates their confidence that Core Scientific will maintain a steady growth performance.

Galaxy Digital: The Top Pick in the Sector

As the digital assets investment landscape's leading choice, KBW favors Galaxy Digital (GLXY) ahead of Bitdeer, CleanSpark, and Core Scientific. The diverse business structure at Galaxy combining mining operations with trading and asset management positions the company at the top of its field.

What This Means for Bitcoin Mining Investors

The positive outperform ratings for Bitdeer along with CleanSpark and Core Scientific support the long-term potential of Bitcoin mining operations despite ongoing regulatory barriers, and rising energy requirements. The combination of innovation efficiency along market diversification puts these companies in a prime position to succeed in their competitive market. These mining enterprises maintain an excellent industry position to gain market share yet simultaneously enable investors to achieve extended periods of value protection due to increasing cryptocurrency adoption and scalable computation requirements.