According to news, investment bank Benchmark said in a research report on Monday that the value of Bitdeer has been boosted by the growing interest of artificial intelligence (AI) and high-performance computing (HPC) companies in crypto miners' energy assets in recent months.

As a result, Benchmark raised Bitdeer's target price from $13 to $16 and reiterated its buy rating on the stock. In pre-market trading, the stock traded at $11.10.