Hut 8 Stock Gets New Buy Rating from Lucid Capital Markets

AnalystCorporate ActionDigital Finance Impact 4
โดย Cryptoprowl·Read original
Summary · why it matters

Hut 8 stock has received a new buy rating from Lucid Capital Markets, which initiated coverage with a price target of $226 U.S. The target is 82% above the current trading price and follows a 683% rally over the past year. Analysts cited the company's pivot from Bitcoin mining to becoming an artificial intelligence data centre landlord, noting progress despite negative earnings per share of -$2.90 U.S. over the last year. Hut 8 recently closed a $4.25 billion U.S. bond sale for its Texas data centre project, drawing $17 billion U.S. in investor orders, with the funds earmarked for a 352-megawatt facility leased to Nvidia. The stock has gained 143% this year to trade at $124.44 U.S. per share.

Impact on stocks 2

Artificial Intelligence▲ · 2 stocks
Hut 8 Corp. Common Stock
HUT
▲ PositiveCapitalrelevance

Lucid Capital Markets initiated coverage with a buy rating and $226 price target, 82% above current price.

NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Hut 8's data center facility is leased to Nvidia, indicating demand for Nvidia's AI infrastructure.

Theme Impact 4

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