BUZZ-Energy infrastructure platform Hut 8 jumps on plans to boost power capacity
Reuters
Aug 27
BUZZ-Energy infrastructure platform <a href="https://laohu8.com/S/HUT">Hut 8</a> jumps on plans to boost power capacity
** Shares of energy infrastructure platform Hut 8HUT.O jump 9.3% to $25.64
** HUT unveils plan to build four new sites across the United States with more than 1.5 gigawatts of capacity
** Roth Capital says this is a notable step-up for HUT's power-first strategy and brings to market a credible pipeline of sites
** Tenant agreements could boost HUT shares as new sites are built - brokerage
** All 13 brokerages covering the stock rate it "buy" or higher; with the median PT of $28, according to data compiled by LSEG
** As of last close, HUT shares up 14.4% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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