Gate News message, April 24 — Hut 8 Corp., a major Bitcoin mining operator, is considering tapping the investment-grade debt market (bonds rated as low-risk by credit agencies) to finance construction of a data center linked to Alphabet Inc.'s Google. The company's subsidiary plans to sell at

Gate News: According to the latest Gate TradFi data, HUT (Hut 8 Mining Corp) has surged by 20% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News Report, March 10: According to msx.com data, U.S. stocks opened lower, with the Dow down 0.13%, the S&P 500 down 0.03%, and the Nasdaq up 0.1%. Crypto-related stocks generally rose, with Circle up 9.74%, Bit Digital up 3.87%, Robinhood up 2.99%, a certain CEX up 2.92%, and Hut 8 up 0.45%.

Gate News Report, March 9th: U.S. stocks opened lower, with the Dow down 1%, the S&P 500 down 0.87%, and the Nasdaq down 0.86%. Cryptocurrency-related stocks showed mixed performance, with Circle up 8.57%, Bit Digital down 0.62%, Robinhood down 0.66%, Hut 8 down 4.48%, and a certain CEX up 1.66%.

Benchmark reiterates its "Buy" rating on Hut 8 with a $85 target price, noting that the company is transitioning toward a power-first digital infrastructure platform, with 2026 expected to be the year of execution and delivery. Despite recording a net loss of $301.8 million in the fourth quarter, revenue nearly tripled year-over-year, with the core investment thesis based on a long-term leasing agreement supported by Google Finance.

U.S. stocks closed with the Dow down 0.83%, the S&P 500 up 0.41%, and the Nasdaq up 0.91%. The crypto sector showed mixed performance, with ALTS up over 10% and HUT up 9.66%. msx.com is a decentralized RWA trading platform that has launched hundreds of RWA tokens.

Bitcoin mining company Hut 8 recently increased its credit line with a leading US-based compliant CEX to $200 million, drawing market attention. This move not only enhances the company's financial flexibility but also further confirms its strategic shift towards artificial intelligence (AI) and high-performance computing (HPC). The relevant documents have been filed with the U.S. Securities and Exchange Commission, and the credit funds will mainly be used for general corporate operations and strategic expansion. In a context where most mining companies are under pressure due to Bitcoin halving and rising energy costs, Hut 8 continues to strengthen its fundamentals. The increase in credit line follows its long-term agreement of $7 billion signed in December last year with AI cloud computing service provider Fluidstack. Under the agreement, Hut 8 will provide 245 MW of power over 15 years to build large-scale AI data centers, regarded as a landmark case of crypto-native enterprises integrating with AI infrastructure.

According to a report by Jinse Finance, Wall Street brokerage Benchmark analyst Mark Palmer raised the target stock price of Bitcoin miner Hut 8 (HUT) from $77 to $85, reiterating a buy rating, which indicates a 93% rise potential compared to last Friday's Closing Price of $44.12.