HC Wainwright: Bitcoin mining company Hut 8 is negotiating with potential customers for large-scale HPC and AI projects

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ODAILY
08-14
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Odaily Odaily News: Brokerage firm HC Wainwright revealed that Bitcoin mining company Hut 8 is actively negotiating with potential customers for large-scale HPC and AI projects. In addition, the company upgraded the rating of Bitcoin mining company Hut 8 by two levels, from sell to buy, and also raised its target price from US$7.5 to US$13.5. It is reported that Hut 8 may profit from the growing demand for energy and infrastructure by artificial intelligence (AI) companies, and the possibility of signing high-performance computing (HPC) or AI customers has also increased after Coatue invested US$150 million in June. (Coindesk)

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