Northland raised the firm’s price target on BitFuFu (FUFU) to $6 from $5.50 and keeps a Market Perform rating on the shares following what the firm calls a “nice” quarter, driven by cloud mining demand. BitFuFu ended the quarter with total mining capacity of 36.2 EH/s, up from 20.6 EH/s last quarter, and cloud-mining registered users up to 623,100, the analyst noted.
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