Jefferies Financial Group raised Hut 8's rating to 'strong-buy' on May 28, 2026, noting its commitment to Bitcoin mining in Alberta.

The entities involved

• Hut 8 →

  cryptocurrency mining company

  • Hut 8 and Trump brothers established American Bitcoin, a Bitcoin treasury company, on September 6, 2025.Sun 01:16
  • Hut 8 is developing new operational sites across the United States, including a major project in Texas, and sites in Illinois and Louisiana.Wed 22:01
• Bitcoin →

  digital cash system and associated currency

  • Tensions between the US and Iran are pressuring market narratives, while President Trump's remarks are reportedly derailing nuclear talks.Mon 17:50
  • Bitmine holds 4.7% of total Ethereum coin supply and 205 Bitcoin, with Founders Fund among its institutional investors.Mon 16:28
• Jefferies Financial Group →

  American financial services company

  • Apple Inc. stock is traded on Nasdaq, and Jefferies Financial Group restated a hold rating on the company.Mon 17:22
  • Jefferies reaffirmed Amazon's stock buy rating on June 18, 2026.Mon 12:11

Related events

• Major investors George Soros and Stanley Druckenmiller have made significant investments in AI data center and crypto mining companies like Hut 8 and Bitdeer.Aug 17
• Hut 8 has been located in energy-rich Alberta, Canada.Sep 22
• Hut 8 received rating upgrades and assumed coverage from Morgan Stanley, Keefe, Bruyette & Woods, and Freedom Capital, with consensus data from MarketBeat.Sep 22
• UBS named Hut 8 as its top pick in the group, while operations are impacted by power uncertainty in Texas.Wed 22:01
• Amidst FED policy signals, Cathie Wood leverages her role as CEO of Ark Invest to comment on Bitcoin as a store of value.Sep 10