According to BlockBeats, on July 22, investment bank Benchmark released a research report on Monday indicating that the increasing interest from artificial intelligence (AI) and high-performance computing (HPC) companies in the energy assets of cryptocurrency miners has boosted the value of Bitdeer.

As a result, Benchmark has raised its target price for Bitdeer from $13 to $16 and reaffirmed its buy rating on the stock. In pre-market trading, the stock was priced at $11.10.