News Formal

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

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Will Canny is CoinDesk's finance reporter.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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

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.
Source: Cointelegraph - 🏆 562. / 51 Read more »

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