JonesResearch initiated coverage of Bitdeer (BTDR) on October 6 with a Buy rating and a $32 price target, applying a 20x EV/EBITDA multiple to its 2026 EBITDA estimate of$435.5 million. Jones argues that this multiple not only aligns with hybrid miner peers but also modestly rewards Bitdeer’s expected leadership in HPC hosting, setting the stage for upside if colocation deals materialize. Get these headlines directly to your inbox: subscribe to Blockspace. Jones highlighted Bitdeer’s vertically integrate ...