Bitdeer is a company that helps people mine bitcoins. They bought another company called FreeChain to make their business better. FreeChain also makes machines that help mine bitcoins. Together, they will have more machines and be stronger in the market. A Wall Street firm thinks Bitdeer's stock price will go up after this deal. Read from source...

1. The article title is misleading because it does not mention that the acquisition was made with all-stock, which implies a lower cash outlay for Bitdeer and may affect its valuation.
2. The article claims that FreeChain has a remarkable achievement in ASIC design, but does not provide any evidence or data to support this statement. It also fails to mention any potential competition or challenges that the combined company may face from other players in the market.
3. The article quotes Bitdeer's CBO without providing any context or background information about him or his role in the company, which makes it seem like an unsolicited endorsement rather than a credible source of information. It also does not mention any potential conflicts of interest that may arise from the acquisition, such as overlapping businesses, redundant operations, or increased market concentration.
4. The article uses vague and subjective terms such as "energy-efficient", "low-cost" and "profitable" to describe FreeChain's products and services, without providing any quantitative or comparative data to substantiate these claims. It also does not explain how the acquisition will benefit Bitdeer's shareholders or customers in terms of value creation, revenue generation, or cost savings.
5. The article ends with a positive note about FreeChain's achievements and potential, but does not address any of the risks or uncertainties that may accompany the acquisition, such as regulatory hurdles, integration challenges, or market reactions. It also does not provide any forward-looking guidance or projections for the combined company's performance or outlook.

Investing in any stock involves risks, and it's important to do your own research before making any decisions. However, based on the information provided in the article, here are some possible steps to evaluate Bitdeer (NASDAQ: BTDR) as an investment opportunity:

1. Analyze the market potential of Bitcoin mining and ASIC chips. Bitcoin is a digital currency that relies on a decentralized network of computers to verify and validate transactions, which requires a large amount of computational power and energy consumption. ASIC chips are specialized hardware designed for Bitcoin mining, offering superior performance and efficiency compared to other methods. According to the article, FreeChain has 30,000 high-performance machines in the market, positioning it among the leading ASIC design groups on the planet. This suggests that there is a significant demand for ASIC chips and Bitcoin mining services, which could benefit Bitdeer as a major player in the industry.
2. Assess the financial performance of Bitdeer and FreeChain. The article mentions that Wall Street firm H.C. Wainwright reiterated its buy rating on Bitdeer stock with a bullish $20 price target, implying a potential upside of over 75% from the current price of around $11.60. This suggests that the market is optimistic about Bitdeer's growth prospects and valuation. Additionally, Bitdeer reported revenue of $34.9 million in the third quarter of 2020, up 87% from the previous quarter, and a net loss of $6.1 million, narrowed from $15.6 million in the second quarter. These results indicate that Bitdeer is gaining momentum in its core business of providing mining-as-a-service to global clients, and that the FreeChain acquisition could further enhance its market position and profitability.
3. Evaluate the strategic rationale and synergies of the deal. The article states that Bitdeer Chief Business Officer Linghui Kong welcomed the deal, which is subject to closing conditions, and highlighted FreeChain's accomplishments in ASIC design and its presence in the market. This suggests that FreeChain has a strong technological edge and a loyal customer base, which could complement Bitdeer's existing operations and help it expand its market share and diversify its revenue streams. The article also mentions that both Bitdeer and FreeChain are dedicated to Bitcoin mining, providing the infrastructure that miners need to continue securing the Bitcoin blockchain in an energy-efficient, low-cost and profitable way. This implies that the deal could create operational