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Wall Street analysts highlight undervalued AI and capital market transition in mining firms

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Wall Street analysts highlight undervalued AI initiatives and capital market shifts among mining firms, as crypto market sentiment stabilizes. Bitdeer, DeFi Technologies, Strive, and Gemini maintain buy ratings from Benchmark, TD Cowen, and Mizuho. Bitdeer’s AI cloud generates $69 million in annual recurring revenue, while Strive holds 13,628 BTC. Mizuho lowered Gemini’s price target to $10 but retained an outperform rating, citing its broader market platform. Fear and Greed Index readings indicate cautious optimism persists in the crypto market.

Odaily Planet Daily reports that Wall Street institutions including Benchmark, TD Cowen, and Mizuho have maintained buy ratings on four crypto-related companies: Bitdeer, DeFi Technologies, Strive, and Gemini.

Analysts believe the market is undervaluing the transition of these companies toward AI infrastructure and capital markets. Bitdeer’s AI cloud annual recurring revenue has reached $69 million. Strive held 13,628 bitcoins as of the end of the first quarter. Mizuho lowered its target price for Gemini to $10 while maintaining a Outperform rating, noting its transformation from a single crypto broker into a diversified market platform. (The Block)

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