** Northland Capital initiates coverage on bitcoin miner Bitdeer Technologies with "outperform" rating and PT of $13

** PT implies ~83.88% upside to stock's last close

** Brokerage says co is well-positioned to take advantage of ongoing trends in bitcoin mining, with its new chip ready for miner production

** BTDR is an attractive investment as it trades at a significant discount relative to its peers, says Northland Capital

** All of 10 brokerages covering the stock rate it "buy" or higher; their median PT is $14 - LSEG data

** Including session's moves, stock down ~31% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))