Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum

Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum


Hut 8 owns more than 9,100 bitcoin giving it a large amount of capital for future projects, the report said. Craig-Hallum upgraded the stock to buy from hold with an unchanged $12 price target. The broker said the company’s pipeline includes bitcoin mining as well as HPC and AI opportunities.

Bitcoin miner Hut 8’s (HUT) stack of more than 9,100 coins gives it substantial capital to pursue upcoming projects, broker Craig-Hallum said in a research report upgrading the stock to buy. The company’s bitcoin stash is worth about 75% of its current market cap and “represents both a protective feature for investors and very opportunistic capital

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