Reported 1 day ago
Northland recently began coverage of BitFuFu Inc. (NASDAQ:FUFU), offering a Market Perform rating and a price target of $5.50, indicating a potential increase of 72.69%. The firm emphasized that BitFuFu’s cloud mining solutions reduce barriers to entry in cryptocurrency mining. Following a funding boost from Bitmain, the company has seen significant growth in registered users, nearly doubling year-over-year to over 607,000, showcasing increasing retail demand despite industry challenges. With a focus on accessibility in digital asset mining, BitFuFu aims to enhance its market position.
Source: YAHOO