Bitdeer develops AI data centers to accelerate revenue, Benchmark raises valuation model.

According to Deep Tide TechFlow news on October 21, The Block reported that Bitdeer Technologies Group (Nasdaq: BTDR) announced the complete internalization of its AI data center development. Analysts expect this move to enhance the company's profit margins and accelerate the transition from infrastructure development to revenue monetization. Benchmark analyst Mark Palmer reiterated his positive outlook in a report on Monday, setting a target price of $38, which represents a valuation of six times the expected revenue for 2026.

Bitdeer is developing a 570 MW park in Clarenton, Ohio, with power supply expected to be available nearly a year earlier than originally planned, by the end of 2026. The company also plans to provide approximately 200 MW of AI-specific computing power by the end of 2026.

With BlackRock and Nvidia acquiring Aligned Data Centers for $40 billion, the valuation of computing infrastructure has significantly increased. Other Bitcoin mining companies such as CleanSpark, Bitfarms, and Iris Energy are also turning to AI and data center services to respond to market changes.