Wall Street analysts believe the market undervalues the transformation value of mining companies pivoting to AI infrastructure and capital markets

Odaily Odaily reports that Wall Street institutions such as Benchmark, TD Cowen, and Mizuho maintain buy ratings on four crypto-related companies: Bitdeer, DeFi Technologies, Strive, and Gemini.

Analysts believe the market underestimates the value of these companies' transformation towards AI infrastructure and capital markets. Bitdeer's AI cloud annual recurring revenue has already reached $69 million. Strive held 13,628 Bitcoins as of the end of the first quarter. Mizuho lowered Gemini's price target to $10 while maintaining an outperform rating, noting that it is transitioning from a single crypto broker to a diversified market platform. (theblock)