Hut 8 (HUT) Surges 11.5% on Upbeat Outlook, Analyst Hikes PT by 157% [Yahoo! Finance]
American Bitcoin Corp. - Class A (ABTC)
Company Research
Source: Yahoo! Finance
Hut 8 saw its share prices jump by 11.55 percent on Monday to close at $52.94 apiece, as investors took path from an investment firm's highly optimistic outlook for the stock, with a price target representing a 157 percent upside potential. In a market note, Arete Research issued a “buy” recommendation on shares of Hut 8 Corp. (NASDAQ:HUT), alongside a price target of $136 apiece, reflecting its optimism for the latter's River Bend data center, which has the potential to generate $17.7 billion in leasing revenues from Google alone. In December last year, Hut 8 Corp. (NASDAQ:HUT) inked a 15-year leasing deal with Google, which has the potential to generate up to $17.7 billion in revenues if and when the latter exercises all its renewal options. Hut 8 (HUT) Surges 11.5% on Upbeat Outlook, Analyst Hikes PT by 157% The base term covers 245 MW of IT capacity for Fluidstack, for $7.7 billion. It also gives the latter the right of first offer for 1,000 MW of capacity in the campus'
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ABTC
Sec Filings
- 3/27/26 - Form 10-K
- 3/9/26 - Form 4
- 3/5/26 - Form 4
- ABTC's page on the SEC website