Hut 8 plans to divest ion company and consider acquiring a large-scale data center enterprise

According to CoinDesk, Clear Street pointed out in its latest research report that Bitcoin mining company Hut 8 may divest its subsidiary American Bitcoin Corp, which was established in collaboration with the Trump family, to focus on high profit data center custody business and consider acquiring Hyperscale, a provider of ultra large scale computing services. The agency has given Hut 8 a "buy" rating with a target price of $23.