According to @stocktalkweekly, BTIG has raised its price target for HUT 8 Mining ($HUT) from $15 to $25, citing the company's American BTC subsidiary moving closer to an all-stock merger with Gryphon, expected to close this quarter. The report highlights that attention is now on HUT securing its first major high-performance computing (HPC) contract at its approximately 300 MW facility, with about 200 MW dedicated for IT workloads. These developments are viewed as catalysts for further upside in HUT 8's share price and could impact the broader BTC mining sector if the HPC contract is secured (source: @stocktalkweekly).

According to Crypto Rover, Trump-backed American Bitcoin has officially gone public through a merger with Gryphon, marking a significant development for crypto-related equities and the broader Bitcoin ecosystem (source: Crypto Rover, May 12, 2025). This public listing is expected to boost investor confidence in U.S.-based Bitcoin operations, potentially increasing liquidity and attracting institutional interest in crypto mining stocks. Traders should watch for volatility in related equities and monitor sector ETFs for increased volume as traditional finance gains new exposure to Bitcoin through this high-profile merger.