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Hut 8 may divest its subsidiary and consider the acquisition of hyperscale data center companies.
Clear Street pointed out in its latest research report that Bitcoin mining company Hut 8 may divest its subsidiary American Bitcoin Corp, established in collaboration with the Trump family, in order to focus on high-profit data center hosting services and is considering an acquisition of a hyperscaler. The agency has given Hut 8 a “buy” rating, with a target price of $23. (CoinDesk)