Rothschild Redburn initiates Hut 8 stock with neutral rating
Investing.com
Rothschild Redburn has initiated coverage on Hut 8 Mining Corp. (NASDAQ:HUT) with a Neutral rating and a price target of $96.00, noting that the stock currently trades above this target and appears overvalued based on InvestingPro's Fair Value analysis. Hut 8, which recently merged with US Bitcoin Corp, is transforming from a Bitcoin miner to a diversified digital infrastructure platform supporting high-performance computing and AI workloads. Despite high stock volatility, the company has seen a
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