Roth Capital initiated coverage of BitFuFu (FUFU) with a Buy rating and $6 price target The firm views BitFuFu as a lower capex bitcoin infrastructure platform with a “differentiated” model across cloud mining, self-mining, and hosting. The company offers exposure to bitcoin hash rate with lower spending and strong margin potential primarily through cloud hosting, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FUFU: