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 Stock Talk (@stocktalkweekly), HUT 8 Mining ($HUT) has been initiated at a 'Buy' rating by B.Riley, accompanied by a 12-month price target of $25 per share. B.Riley highlights HUT 8's diversified crypto mining operations across Canada and the U.S. as key drivers for future growth. This coverage signals increasing institutional confidence in HUT 8's ability to benefit from expanding Bitcoin mining demand and blockchain adoption, which could positively influence crypto market sentiment and related asset prices. Source: Stock Talk (@stocktalkweekly), May 14, 2025.