Both Bitdeer and BitFuFu could be considered "fully valued" in front of current publicly traded miners due to their "incredible development rate", superior profit margins, and strong relationships with mining rig vendors. Peter Stoneberg, a managing director at cryptocurrency M&A firm Architect Partners, told CoinDesk in an interview. It's the companies' future prospects that drive investment, so if investors see that a company can finance its future development, "they're going to completely pay a premium for that rate of development," Stoneberg added.