Valued at a market cap of $1.01 billion, Bitdeer Technologies (BTDR) is a crypto mining stock. While Bitcoin (BTCUSD) prices have surged close to 55% year-to-date, shares of crypto mining stocks - including Bitdeer - are trailing the market.
For instance, BTDR stock is virtually unchanged in 2024. This relative underperformance allows investors to buy a crypto mining stock at a lower multiple, especially if digital asset prices move higher.
