Bitdeer Technologies (NASDAQ:BTDR) is one of the best bitcoin mining stocks according to Hedge Funds, with 11 analysts giving Buy ratings. Despite a 47% drop in share price in 2025, the consensus 1-year average price target is $32.55, offering a 183.3% upside potential. Hut 8 (HUT) saw a 14% jump on a bullish rating and price target.

Analyst Brett Knoblauch from Cantor Fitzgerald reaffirmed a Buy rating on Bitdeer Technologies (NASDAQ:BTDR) with a $34 price target, implying a 196% upside potential. The company reported a significant increase in self-mining hashrate to 45.7 EH/s and produced 526 bitcoins in November, a 251% year-on-year growth.

Bitdeer Technologies (NASDAQ:BTDR) is expanding its AI cloud capabilities and data center infrastructure, resulting in a $10 million increase in annual recurring revenues. The company offers bitcoin mining services, self-mining with SEALMINER rigs, and chip design and data center operation.

While Bitdeer Technologies (NASDAQ:BTDR) shows investment potential, other AI stocks may offer greater upside with less risk. The company is expanding into new areas and generating increased revenues. For more promising stock options, check out Insider Monkey’s articles on healthcare and industrial stocks under $50.

Read more at Yahoo Finance: Here is Why Bitdeer Technologies (BTDR) is Favored by Hedge Funds