Hut 8 has fully utilized its $200 million borrowing capacity from Coinbase Credit, while its stock price approaches the 52-week high of $57.95. The company has announced multiple major projects, including AI data center leasing and expansion plans worth billions of dollars. Despite the stock's total shareholder return of 146.60% over the past year, some analysts suggest that its stock price may be slightly overvalued, with a fair value estimate of around $56.13.
Hut 8 has fully utilized its $200 million borrowing capacity from Coinbase Credit, while its stock price approaches the 52-week high of $57.95. The company has announced multiple major projects, including AI data center leasing and expansion plans worth billions of dollars. Despite the stock's total shareholder return of 146.60% over the past year, some analysts suggest that its stock price may be slightly overvalued, with a fair value estimate of around $56.13.