Hut 8 may divest a subsidiary and consider acquiring a hyperscale data center company

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According to ChainCatcher, citing CoinDesk, Clear Street noted in its latest research report that Bitcoin mining company Hut 8 may divest the subsidiary American Bitcoin Corp, which was established in collaboration with the Trump family, to focus on high-profit data center hosting business and is considering acquiring a Hyperscaler.

The institution gave Hut 8 a "Buy" rating with a target price of $23.

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