Hut 8 (HUT) price target was nearly doubled by Benchmark analyst Mark Palmer on Tuesday, even as the stock sank to a one-month low.Palmer raised his price target on Hut 8 to $165 from $85 in a research note, while maintaining a ‘Buy’ rating, citing "strong operating momentum" ahead of the company's…
Benchmark Equity Research raised its price target for Hut 8 Corp. (HUT) to $165 from $85, citing the company’s commercialization of its Beacon Point AI data center campus and $16.8 billion in contracted value across two AI infrastructure leases.Hut 8 shares were trading at around $97 on Tuesday, ac…
After years of relying almost exclusively on Bitcoin mining revenue, Keel Infrastructure Corp. (KEEL), TeraWulf Inc. (WULF), Hut 8 Corp. (HUT) and Cipher Digital Inc. (CIFR) are racing to capitalize on the AI infrastructure boom.The shift reflects a broader sentiment toward AI companies and the exp…
U.S. stock futures climbed higher in the overnight session late Sunday, extending the previous week’s rally as investors await the Federal Reserve’s June minutes due on Wednesday.Nasdaq 100 futures jumped 1.33%, S&P 500 futures climbed 0.53%, while Dow futures were up 0.15% at 8:11 PM EDT.Among ETF…
American Bitcoin Corp. (ABTC) announced on Wednesday that the firm's planned 1-for-15 reverse stock split would take effect after the market closes on Thursday, a move aimed at lifting its share price enough to keep its Nasdaq (NDAQ) listing.Under the split, every 15 shares of the company's Class A…
By the end of 2025, the power capacity tied to artificial intelligence data centers worldwide had reached about 29.6 gigawatts (GW), enough to run all of New York state at peak demand, according to Stanford University’s annual report on the AI industry.The report, released in April, suggests that c…
Bitcoin (BTC) miners just got a fresh yardstick for their AI ambitions, and one analyst said it shows how cheaply the market is pricing them.Digital Realty Trust (DLR) has agreed to purchase three fully leased AI data centers in Northern Virginia from Blackstone (BX) for $3.5 billion, a deal that V…
