Rosenblatt Reiterates Rating on Hut 8 Corp. $HUT
Key Points
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Rosenblatt reiterated its rating on Hut 8 Corp. ($HUT) to a "buy" rating in a recent research note and set a price target of $124, a 3.18% upside from the current price.
Hut 8 Corp. Stock Up 51.3%
Shares of Hut 8 Corp. ($HUT) traded around $120.18 on Saturday, up 51.3% for the day.
Hut 8 Corp. Earnings
Analysts Set New Price Targets
About Hut 8 Corp.
Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments. The company offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services. It also engages in the operation of compute infrastructure; and provision, hosting, monitoring, troubleshooting, repair, maintenance, and sale of mining equipment. In addition, the company offers Bitcoin mining; data center and cloud infrastructure services, including colocation services; and ASIC compute, traditional cloud, and AI cloud services. Hut 8 Corp. was founded in 2020 and is based in Miami, Florida.
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