[Benchmark Analyst Reiterates Buy Rating and $38 Price Target for Bitdeer] According to a report by Jinse Finance, the stock price of Bitcoin miner Bitdeer Technologies Group (Ticker: BTDR) fell more than 30% this week, dropping from slightly above $23 on Monday morning to around $16 on Tuesday. The company's third-quarter earnings failed to meet investors' expectations for significant AI infrastructure updates, leading to a continuation of the stock's month-long downward trend. Nevertheless, Benchmark analyst Mark Palmer reiterated his buy rating and $38 price target, stating in a stock report released on Tuesday that the sell-off "appears to reflect overly high investor expectations rather than any deterioration in the company's fundamentals." Palmer noted that Bitdeer's fundamentals in self-mining, hosting, and cloud services remain solid, with revenue growing 174% year-over-year to nearly $170 million, and adjusted EBITDA turning from a loss in the same period last year to $43 million.