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Rothschild Redburn Initiates Coverage on Hut 8 with Neutral Rating

Guavy AI Editorial Team
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Rothschild Redburn has initiated coverage on Hut 8 Mining Corp. (no ticker mentioned) with a Neutral rating and a price target of $96.00.

The current stock price is $98.74, above the analyst's target, according to InvestingPro data.

Hut 8 is a Canadian company founded in 2011 that started as one of North America's largest publicly traded Bitcoin mining operations.

The company has since merged with US Bitcoin Corp and pivoted towards diversified digital infrastructure, developing power and data centre capacity for high-performance computing and AI workloads.

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