Wall Street analysts believe the market is undervaluing the transition of mining companies to AI infrastructure and capital markets.Odaily Planet Daily News: 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 is undervaluing the value of these companies' transitions to AI infrastructure and capital markets. Among them, Bitdeer's annual recurring revenue from AI cloud has reached $69 million. As of the end of the first quarter, Strive held 13,628 Bitcoins. Mizuho lowered Gemini's price target to $10 and maintained an outperform rating, noting that it is transitioning from a single crypto broker to a diversified market platform. (theblock)
