After a little googleing, I found a message. In this article, the author explains that all you need to do to install binutils on a 64-bit Linux system is to trick the system by typing "linux32" in front of your command. For example, in this case it would be:
linux32 ./configure linux32 make linux32 make install
to create a regular compiler and this:
linux32 ./configure --target=$TARGET --prefix="$PREFIX" --disable-nls linux32 make linux32 make install
to create a cross compiler.
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