Why Hut 8 Corp. (HUT) Stock Rose on Friday

Reported about 9 hours ago

Hut 8 Corp. (NASDAQ:HUT) experienced a significant 13.79% increase in share prices on Friday, closing at $18.57, after Roth Capital initiated coverage with a 'buy' recommendation and a price target of $25. This bullish outlook highlights Hut 8's transformation into a power-focused digital infrastructure platform, underscored by its ability to efficiently allocate resources and optimize costs in the cryptocurrency mining sector.

Source: YAHOO

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