Hut 8 Corp. (NASDAQ:HUT) sells its 310-megawatt portfolio of four natural gas plants in Ontario to TransAlta, following successful stabilization of assets. Northland analyst raises price target from $26 to $58, maintaining an “Outperform” rating due to strong quarter for American Bitcoin (ABTC) subsidiary. Q3 2025 results show 91% YoY revenue growth, $83.5 million revenue, $50.6 million net income, and $109 million adjusted EBITDA. Hut 8 Corp. closes quarter with 13,696 Bitcoin holdings and 1,530 MW energy capacity under development in four U.S. locations. Company faces challenges like declining Power segment revenue and market skepticism but plans strategic project sequencing. Hut 8 Corp. operates integrated Bitcoin mining, compute, and digital infrastructure platforms to capitalize on cryptocurrency and high-performance computing demand.

Read more at Yahoo Finance: Hut 8 (HUT) Sells Its 310-Megawatt Portfolio of Four Natural Gas Plants