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The bank says existing grid connections give former mining sites a valuable speed advantage as AI developers compete for scarce power.
Wall Street brokerage Benchmark remains bullish on Hut 8 (NASDAQ: $HUT) stock.
A second 352 MW lease fully commercializes the Texas campus years before delivery, while KBW sees more contracted capacity than Hut 8’s valuation previously reflected.
Hut 8 holds 10,278 Bitcoin worth roughly $665 million and is scheduled to report second-quarter results next month.
Wall Street brokerage Benchmark has raised its price target on the stock of Hut 8 Corp. (NASDAQ: $HUT) as the compa...
Rosenblatt says Hut 8's AI/HPC buildout is still early, with $16.8 billion in contracted leases and several near-term catalysts that could shift more of its 710 MW mining footprint into…
The 55% target increase reflects KBW's view that most of Hut 8's development pipeline is now priced in, with further upside tied to additional leases and ERCOT energization milestones.
Canadian crypto miner and artificial intelligence (A.I.) data centre operator Hut 8 (NASDAQ: $HUT) is investing $16...
Hut 8 will fund a new water well, eight miles of water main, and system improvements in West Feliciana Parish, transferring the assets to the local government at no cost…
Canaccord raised its price target on Hut 8 (NASDAQ:HUT) stock to $130 from $70, keeping its Buy rating. The price target hike, delivered May 7, nearly doubles the firm’s prior valuation and reflects the company’s accelerating pivot from Bitcoin mining to AI data center infrastructure. A near doubling from a single firm ranks among the ... Canaccord Just Nearly Doubled Hut 8 Price Target to $130 on AI Data Center Pivot