Wall Street duy trì đánh giá mua đối với bốn công ty tiền điện tử giữa các chuyển dịch về AI và thị trường vốn

The Huoxing Finance report states that on May 19, multiple Wall Street institutions reached a consensus on Monday that the market still values crypto companies using traditional platform valuation methods, but these companies have gradually transitioned into AI infrastructure, capital markets tools, and digital financial platforms. Benchmark, TD Cowen, and Mizuho maintained their “Buy” ratings on Bitdeer, DeFi Technologies, Strive, and Gemini on Monday, although some target prices were lowered due to industry-wide valuation compression. Benchmark believes Bitdeer’s greatest value lies in its global power resource portfolio totaling approximately 3 GW across the U.S., Norway, and Bhutan. Analysts note that as demand for AI data centers surges, electricity is becoming a scarce resource. Bitdeer’s Tydal project in Norway is expected to provide around 180 MW of AI computing hosting capacity and is currently in advanced negotiations with potential large-scale tenants. Meanwhile, Bitdeer’s AI cloud business has increased its annualized recurring revenue from approximately $10 million in January to about $69 million by the end of April. Benchmark also noted that DeFi Technologies is transitioning from an asset management company to a digital asset capital markets infrastructure platform. Its CEO stated that future needs for stablecoins, tokenization of real-world assets (RWA), and digital securities issuance will require custody services, and the company plans to launch its proprietary custody system in the third quarter of this year. Additionally, its institutional OTC trading business, Stillman Digital, saw a 38% year-over-year increase in trading commissions in the first quarter. As of the end of Q1, the company held approximately $156 million in cash, stablecoins, and crypto assets, while its current market cap stands at around $275 million. On the other hand, TD Cowen raised its target price for Strive to $30 due to its innovative “daily dividend” perpetual preferred stock design, which is expected to enhance Bitcoin accumulation efficiency. Mizuho believes Gemini is transforming from a single crypto brokerage platform into a diversified financial markets platform. Despite a more than 50% decline in trading volume in Q1, Gemini’s trading revenue remained largely flat, indicating a shift in revenue structure from highly volatile spot trading toward more stable businesses such as credit cards, prediction markets, and clearing services. Analysts believe these companies will increasingly resemble traditional financial infrastructure firms rather than mere crypto trading platforms.