Bitcoin miner Hut 8 receives 'buy' rating and new price target | Bitcoin & Crypto Trading
Bitcoin miner Hut 8 receives 'buy' rating and new price target from Benchmark
Benchmark has initiated coverage of bitcoin miner Hut 8, giving the company a "buy" rating and a price target of $12. In its evaluation, Benchmark factored in the company's "diversified business model" following the completion of its merger with U.S. Bitcoin Corporation. This includes multiple new revenue streams from self-mining, managed services, hosting, high-performance computing and artificial intelligence.
