** Alliance Global Partners initiates coverage on Bitdeer Technologies with "buy" rating and PT of $14, a ~98.3% upside on stock's last close
** Brokerage expects BTDR to increase its self-mining hash rate
** BTDR has several other businesses that diversify it from volatility of bitcoin and helps company during bull cycle, brokerage says
** All of 10 brokerages rate BTDR stock "buy" and higher; their median PT is $14 - LSEG data
** Including session's moves, stock down ~28% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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