BTIG analyst Gregory Lewis raised the firm’s price target on Hut 8 (HUT) to $25 from $18 and keeps a Buy rating on the shares. Hut 8 should continue to benefit from a rising BTC price owing to its BTC treasury strategy and equity interest in American BTC, but is also looking to diversify its revenue stream with a pivot to HPC, the analyst tells investors in a research note.
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