Craig-Hallum upgraded Hut 8's stock rating from "Hold" to "Buy," maintaining a target price of $12

ChainCatcher news, according to CoinDesk, financial brokerage Craig-Hallum has upgraded Hut 8's stock rating from "Hold" to "Buy," maintaining a target price of $12. The George Sutton analyst team stated that the company's Bitcoin reserves are worth about 75% of its current market value, "which serves as both a protective measure for investors and a very opportunistic capital for the company to use for growth."