PANews reports on April 1st that according to CoinDesk, Clear Street's latest research report indicates that Bit mining company Hut 8 may spin off 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 has given Hut 8 a "buy" rating with a target price of $23.
Hut 8 plans to divest a subsidiary and consider acquisition of a hyperscale data center company
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