Arete Research Sees More Than 150% Upside In Hut 8 Stock [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance
The price target is the highest on Wall Street and is 162% higher than where HUT stock currently trades. London, England-based Arete Research is bullish on Hut 8 as the company executes its transition into artificial intelligence (A.I.) and high-performance computing (HPC) data centres. More From Cryptoprowl: MoonPay Launches New Cross Chain Funding Options For Pump.Fun Traders Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance In a note to clients, Arete cited Hut 8's River Bend lease agreement as a key factor in its positive assessment of the company and its stock. The 15-year lease includes rent payment guarantees from Google parent company Alphabet (NASDAQ: $GOOGL). The agreement with Alphabet should generate an average of $454 million U.S. in annu
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