Benchmark 對 Bitcoin Miner Hut 8 給予「買入」評級，設定 12 美元目標價

投資銀行公司 Benchmark 給予比特幣礦商 Hut 8「買入」評級，目標價為每股 12 美元。 Hut 8 正在擴大其自挖礦業務並實現收入來源多元化，以在減半後保持競爭力。儘管自挖礦算力低於競爭對手，Benchmark 預計 Hut 8 將隨著時間的推移縮小差距。

Investment Banking Firm Issues "Buy" Rating for Bitcoin Miner Hut 8, Projecting $12 Share Price Target

投資銀行公司對 Bitcoin Miner Hut 8 給予「買入」評級，預計股價目標為 12 美元

In a move that signals a bullish outlook for the cryptocurrency mining industry, investment banking firm Benchmark has issued a "buy" rating for publicly traded Bitcoin miner Hut 8 Corp. The rating is accompanied by a price target of $12 per share, representing a significant upside potential for investors.

投資銀行公司Benchmark 對公開交易的比特幣礦商Hut 8 Corp 給予「買入」評級，此舉標誌著加密貨幣挖礦行業的看漲前景。對比特幣挖礦產業的重大意義。

Hut 8's Strategy for Post-Halving Market

Hut 8減半後市場策略

Hut 8 is a leading Bitcoin miner with a diverse portfolio of revenue streams, including self-mining, cloud computing, high-performance computing, and artificial intelligence (AI) services. The company is actively pursuing expansion of its self-mining operations and diversification of revenue streams to maintain a competitive edge in the post-halving market.

Hut 8 是一家領先的比特幣礦商，擁有多元化的收入來源，包括自挖礦、雲端運算、高效能運算和人工智慧 (AI) 服務。該公司正在積極尋求擴大自營業務和收入來源多元化，以保持在減半後市場的競爭優勢。

Benchmark analyst Kevin Palmer cited Hut 8's multiple revenue streams as a key factor in the firm's decision to issue a "buy" rating. He noted that Hut 8's enterprise value-to-revenue multiple of 2.6 is slightly below the 3.1 average of its publicly traded Bitcoin mining peers, such as Marathon Digital and Riot Platforms.

Benchmark 分析師 Kevin Palmer 表示，Hut 8 的多種收入來源是該公司決定發布「買入」評級的關鍵因素。他指出，Hut 8 的企業價值與營收倍數為 2.6，略低於 Marathon Digital 和 Riot Platforms 等公開交易的比特幣挖礦同業 3.1 的平均值。

Hash Rate Gap and Liquidity Cushion

算力差距與流動性緩衝

While Hut 8 has a lower self-mining hash rate than its larger competitors, Benchmark believes that the company is well-positioned to close the gap over time. Palmer highlighted Hut 8's substantial liquidity cushion, evidenced by its holdings of 9,102 Bitcoin, which provide the company with flexibility to capture potential upside moves in the price of Bitcoin (BTC).

雖然 Hut 8 的自挖礦算力低於其較大的競爭對手，但 Benchmark 相信該公司已做好準備，隨著時間的推移縮小差距。 Palmer 強調了 Hut 8 巨大的流動性緩衝，其持有的 9,102 比特幣證明了這一點，這為該公司提供了捕捉比特幣 (BTC) 價格潛在上漲趨勢的靈活性。

Leadership Shakeup and Cost Optimization

領導層改組與成本優化

Recent leadership changes at Hut 8 have drawn attention, with Asher Genoot replacing former CEO Jamie Leverton. The company has refuted allegations made in a report that portrayed it in a negative light.

Hut 8 最近的領導層變動引起了人們的關注，Asher Genoot 取代了前執行長 Jamie Leverton。該公司駁斥了一份報告中對其進行負面描述的指控。

Under Genoot's leadership, Hut 8 has implemented strategic initiatives to optimize costs and boost Bitcoin production. This includes relocating efficient miners to its Medicine Hat site while retiring older, less efficient units.

在 Genoot 的領導下，Hut 8 實施了策略性舉措來優化成本並提高比特幣產量。這包括將高效的礦工重新安置到梅迪辛哈特工廠，同時淘汰舊的、效率較低的設備。

Diversification as a Competitive Advantage

多元化作為競爭優勢

Hut 8's diverse business operations are expected to provide an advantage following the halving. Investors are showing increased interest in self-mining as they anticipate a substantial price increase for Bitcoin post-halving.

Hut 8 的多元化業務營運預計將在減半後提供優勢。投資者對自挖礦表現出越來越大的興趣，因為他們預計比特幣減半後價格將大幅上漲。

Hut 8's diversified platform, including its cloud computing, high-performance computing, and AI services, positions the company to withstand market downturns more effectively than its peers.

Hut 8 的多元化平台，包括雲端運算、高效能運算和人工智慧服務，使該公司能夠比同業更有效地抵禦市場低迷。

Ongoing Growth and Expansion

持續增長和擴張

Hut 8's merger with US Bitcoin Corp. in November 2022 created a combined entity with a hash rate of 25.5 EH/s and 884 MW of energy capacity under management. The company continues to expand its managed services, hosting, and AI capabilities.

Hut 8 於 2022 年 11 月與美國比特幣公司合併，創建了一個合併後的實體，其哈希率為 25.5 EH/s，管理的能源容量為 884 MW。該公司繼續擴展其託管服務、託管和人工智慧功能。

Genoot has emphasized the importance of reducing costs and increasing efficiencies across all business lines. The company has recently activated a third of its Salt Creek site in Texas, relocating miners from other locations to optimize operations.

Genoot 強調了所有業務線降低成本和提高效率的重要性。該公司最近啟動了德克薩斯州鹽溪礦區的三分之一，將礦工從其他地點轉移以優化營運。

Conclusion

結論

Benchmark's "buy" rating for Hut 8 reflects the company's strong fundamentals, growth potential, and resilience in the face of market volatility. While Hut 8 lags behind Marathon Digital in installed hash rate, the company's diversified model and large Bitcoin holdings are expected to support its operating performance. Investors are encouraged to conduct thorough due diligence before making any investment decisions.

Benchmark 對 Hut 8 的「買入」評級反映了該公司強勁的基本面、成長潛力以及面對市場波動的韌性。雖然 Hut 8 在安裝算力方面落後於 Marathon Digital，但該公司的多元化模式和大量比特幣持有量預計將支持其營運績效。鼓勵投資者在做出任何投資決定之前進行徹底的盡職調查。

Disclaimer

免責聲明

The views and opinions expressed in this article are for informational purposes only and do not constitute financial advice. Investing involves substantial risk, and investors should always consider their financial situation and seek professional advice before making any investment decisions. Cryptocurrency investments are particularly volatile and carry a high level of risk.

本文所表達的觀點和意見僅供參考，不構成財務建議。投資涉及很大風險，投資者在做出任何投資決定之前應考慮自己的財務狀況並尋求專業建議。加密貨幣投資波動性特別大，風險很高。