Bitcoin Miner Hut 8 Could Look to Acquire a Hyperscaler, Clear Street Says
Hut 8's (HUT) new subsidiary, American Bitcoin Corp., a partnership between the mining company and the Trump family, could be spun out, allowing the company to focus on data center hosting, broker Clear Street said in a report Monday.
Crypto and AI data center firm Hut 8 has acquired a majority stake in the data center company set up by the sons of President ...
Hut 8 envisions American Bitcoin — backed by Eric Trump and Donald Trump Jr. — could go public after it acquired 80% of the ...
Benchmark analyst Mark Palmer lowered the firm’s price target on Hut 8 (HUT) to $33 from $41 and keeps a Buy rating on the shares after Hut 8 ...
'By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital,’ said Asher Genoot, CEO ...
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