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0 0.00373599003735982 -0.0160772104607721 -0.016189290161893 -0.00373599003736004 -0.0236612702366127 -0.0323785803237859 -0.0373848069738481
Stock impact report

Bitcoin Miner Hut 8 Could Look to Acquire a Hyperscaler, Clear Street Says [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
the company to focus on data center hosting, broker Clear Street said in a report Monday. The broker noted that the new unit will be included in the bitcoin miner's financials, but the "businesses could be separated, allowing HUT to focus on high-margin data center hosting revenue." Hut 8 is expected to secure more power and expand its data center hosting business, the report said, and the "potential to secure a hyperscaler" is a key catalyst for the company. Eric Trump and Donald Trump Jr. are merging their firm, American Data Centers, with American Bitcoin , a new mining venture, taking a 20% stake in the company. The remaining 80% will be owned by Hut 8, which is contributing almost 61,000 mining machines to the new entity. Core Scientific's (CORZ) deal with cloud computing firm CoreWeave led to a re-rating of the sector last year, as investors warmed to the idea of bitcoin miners pivoting to artificial intelligence and high performance computing (HPC). Hut 8 is projected Show less Read more
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