Why crypto miners are selling power for AI data centers [Yahoo! Finance Canada]
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: Yahoo! Finance Canada
Both crypto and AI are power-intensive, demanding a significant amount of energy. Yahoo Finance's Akiko Fujita breaks down why bitcoin ( BTC-USD ) miners, like Hut 8 Mining ( HUT ), Hive Blockchain ( HIVE ), Bit Digital ( BTBT ), and Riot ( RIOT ), are selling existing power to AI hyperscalers. To watch more expert insights and analysis on the latest market action, check out more Market Domination here This post was written by Naomi Buchanan. Recommended Stories
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News
- Hut 8’s Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of BitcoinGlobeNewswire
- Hut 8 Director Amy Wilkinson Named to the 2024 NACD Directorship 100GlobeNewswire
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Needham & Company LLC from $32.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $33.00 price target on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating and a $35.00 price target on the stock.MarketBeat