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Hut 8 price target raised to $33 from $25 at BTIG

BTIG raised the firm’s price target on Hut 8 (HUT) to $33 from $25 and keeps a Buy rating on the shares as part of a broader research note on crypto mining names. The firm is accounting for the 1.5GW of potential pipeline growth that was moved into the development phase, the analyst tells investors in a research note.

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