Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark

Hut 8 now has a more diversified business model following its merger last year with US Bitcoin Corporation, the report said.Its bitcoin stash of 9,102 coins provides it with a sizable liquidity cushion, the report said.miner with a buy rating and a $12 price target. Hut 8 was trading 5.2% higher at $8.47 at publication time.

“Hut trades at a discount to its bitcoin mining peers that we expect to shrink as the company executes on its self-mining expansion plans,” analyst Mark Palmer wrote.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: CanaccordWill Canny is CoinDesk's finance reporter.
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »

Bitcoin miner stocks drop on ‘unsubstantiated’ post-halving profit fears: AnalystBitcoin mining shares have dropped this year as Blockware Solutions’ Mitchell Askew says investor concerns are growing over their post-halving profitability.
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »

Bitcoin Miner Arkon Energy Plans Public Listing in Amsterdam Through Merger With Shell CompanyJamie Crawley is a CoinDesk news reporter based in London.
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »