Hut 8 may divest its subsidiary and is considering acquiring a hyperscale data center company

Apr 01, 2025 20:57:06

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ChainCatcher news, according to CoinDesk, Clear Street pointed out in its latest research report that Bitcoin mining company Hut 8 may divest its subsidiary American Bitcoin Corp, established in collaboration with the Trump family, to focus on high-margin data center hosting business and is considering acquiring a hyperscaler.

The agency has given Hut 8 a "buy" rating with a target price of $23.

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