Hut 8 Mining Corp. (HUT)

The investment firm’s revised target reflects the company’s 1.5 gigawatts of power projects under development across four U.S. states, as well as its exclusive rights to another 1.3 gigawatts.

Hut 8 rallied for a second day on Friday, surging 17.27 percent to finish at $47.66 apiece as investors poured funds into high-performance computing (HPC) firms, boosted by Oracle Corp.’s massive $38...

Blockchain technology is a decentralized system that records and verifies digital transactions. It underpins cryptocurrencies such as Bitcoin and Ethereum.

Meanwhile, Piper Sandler shared a different view, maintaining an “overweight” rating for Hut 8 Corp.

“People keep asking me, why am I always urging traders to take profits in all these hyper speculative stocks, the ones that have had parabolic moves. The answer is simple.

Shares of Hut 8 Corp.

According to Roth, the upgrade was based on optimism for its high-performance computing (HPC) and AI infrastructure, as well as its affiliate, American Bitcoin’s progress towards hitting an operating...

During the trading session, Hut 8 Corp.

Hut 8 snapped an eight-day winning streak on Thursday, shedding 7.44 percent to finish at $25.61 apiece, dragged by the drop in share prices of its subsidiary, American Bitcoin, during its debut on the...