Hut 8 price target raised to $15 from $14 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Hut 8 to $15 from $14 and keeps a Buy rating on the shares. The firm is also raising its estimates to reflect the new facility being built in Texas, the new miner and hosting agreement with Bitmain, and the swap of debt for stock. In Craig-Hallum’s view, all these moves continue to suggest a team that is thinking out of the box and aiming for shareholder-friendly solutions in everything they do.