Hut 8
Trump-Backed American Bitcoin Plunges 40% on Heavy Volume, Dragging Hut 8 Lower by 12%
The collapse marks yet another disappointing Trump family crypto-related investment.
Benchmark Sees Hut 8 as Hybrid AI–Bitcoin Power Play, Price Target Doubled to $78
The Wall Street broker said Hut 8’s shift to energy infrastructure from bitcoin mining makes it a unique bet on AI, HPC and future power-hungry technologies.
Trump-Backed Bitcoin Miner American Bitcoin Targets September Nasdaq Debut
The miner 80% owned by Hut 8 is finalizing a merger with Gryphon ahead of listing. Trump brothers hold the other 20% stake.
Hut 8 Maps 'Path to Monetization' of Energy Assets as Bitcoin Mining Carve-Out Nears: Benchmark
Benchmark analyst Mark Palmer hiked his Hut 8 price target to $36 from $33, while reiterating his buy rating on the stock.
Bitcoin Miner Hut 8 Surges 10% on 1.5GW Expansion Plans
Investment bank Roth Capital said the move had the potential to "materially re-rate the stock."
Bitcoin Miner Hut 8 Jumps 15%, Leading Sector Higher After Inking 5-Year Energy Supply Deal
The pact with the Ontario Independent Electricity System Operator will provide HUT a steady income stream and help address Ontario’s projected electricity demand growth.
American Bitcoin, Backed by Eric and Donald Trump Jr, Pulls In $220M to Accumulate BTC
The company said $10 million of the total amount raised came in the form of bitcoin, at a rate of $104,000 per BTC.
Hut 8 Doubles Bitcoin-Backed Loan With Coinbase to $130M, Locks in Lower Rate
The amended facility adds $65 million in capital availability and trimmed the interest rate to 9%.
Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital
Pre-market spikes follow news of strategic stock-for-stock transaction.
Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure
The bitcoin miner held over 10,000 bitcoin at the end of last year.
