Hut 8 may divest a subsidiary and consider acquiring a hyperscale data center company

Clear Street pointed out in its latest research report that Bitcoin mining company Hut 8 may spin off its subsidiary American Bitcoin Corp, which was established in cooperation with the Trump family, to focus on high-profit data center hosting business and consider acquiring a hyperscaler service provider. The agency gave Hut 8 a "buy" rating with a target price of $23. (CoinDesk)