Hut 8's AI data center deal is bigger than meets the eye: Benchmark lifts price target to $85 [Yahoo! Finance]
American Bitcoin Corp. - Class A (ABTC)
Company Research
Source: Yahoo! Finance
Analyst Mark Palmer said the structure, counterparties and cash-flow quality separate HUT's deal from the wave of recent AI data center agreements. He reiterated his buy rating on the stock and lifted his price target to $85 from $77, suggesting 93% upside from Friday's close of $44.12. Shares are higher by 2.8% premarket to $45.34. Last Wednesday, Hut 8 signed a $7 billion, 15-year AI data center lease with Fluidstack for its RIver Bend data center in Louisiana. Shares gained as much as 20% following the news. "The transaction combined superior deal economics relative to peer deals, long-dated, investment-grade-backstopped cash flows, and multiple layers of embedded expansion optionality across three counterparties," Palmer said. Palmer's sum-of-the-parts (SOTP) valuation includes the River Bend lease value, potential future expansion capacity under a right of first offer granted to Fluidstack, Hut 8's stake in American Bitcoin Corp. (ABTC), and the bitcoin held on its balance
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News
- American Bitcoin: A Strong Model, But Overvalued In A Severe Crypto Bear Market [Seeking Alpha]Seeking Alpha
- American Bitcoin Schedules Full-Year 2025 Earnings Release and Conference CallPR Newswire
- American Bitcoin (NASDAQ:ABTC) is now covered by analysts at HC Wainwright. They set a "buy" rating and a $4.00 price target on the stock.MarketBeat
- Eric Trump Says American Bitcoin Is 'Leading The Charge' In BTC Accumulation — But Company's Stock Has Cratered 75% Since Debut [Yahoo! Finance]Yahoo! Finance
- Eric Trump Says 'Big Banks' Doing Everything They Can To Stop Crypto Legislation For 'Obvious' Reasons: 'The Entire Financial System Is Changing' [Yahoo! Finance]Yahoo! Finance
ABTC
Sec Filings
- 2/6/26 - Form S-8
- 1/2/26 - Form 4
- 1/2/26 - Form 4
- ABTC's page on the SEC website