Hut 8’s Data Center Deal Will Set It Apart From Peers, Analyst Says

“The blatantly obvious challenges facing bitcoin miners are the recent sell-off in BTC price and supply chain disruptions and, as expected, the stock price followed bitcoin’s trajectory,” wrote Sutton in a research note on Friday. However, he added, “What isn’t blatantly obvious is the impact HUT’s acquisition of TeraGo’s Data Center business will have on the company’s future.”