COINBASE GLOBAL FALLS 3.1%, BITFARMS DECLINES 2%, STRATEGY DROPS 4.1%

Written by Emily J. Thompson, Senior Investment Analyst

Source: moomoo

Updated: Feb 02 2026

0mins

HUT+7.22%

Should l Buy HUT?

Source: moomoo

Market Performance: Coinbase Global's stock has decreased by 3.1%, indicating a downturn in its market performance.
Bitcoin Mining Sector: Bitfarms, a Bitcoin mining company, has seen a decline of 2% in its stock value, reflecting challenges in the cryptocurrency mining industry.
Investment Strategy: The strategy sector has experienced a significant drop of 4.1%, suggesting a broader impact on investment approaches in the current market climate.
Overall Trends: The declines across these sectors highlight ongoing volatility and challenges within the cryptocurrency and investment markets.

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Analyst Views on HUT

Wall Street analysts forecast HUT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HUT is 24.54 USD with a low forecast of 17.50 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

13 Analyst Rating

13 Buy

0 Hold

0 Sell

Strong Buy

Current: 53.060

Low

17.50

Averages

24.54

High

33.00

Current: 53.060

Low

17.50

Averages

24.54

High

33.00

H.C. Wainwright

Kevin Dede

initiated

$80

2026-02-02

Reason

H.C. Wainwright

Kevin Dede

Price Target

$80

AI Analysis

2026-02-02

initiated

Reason

H.C. Wainwright analyst Kevin Dede assumed coverage of Hut 8 with a Buy rating and $80 price target. The company has emerged as a "top weight class infrastructure contender within the larger alliances drawn among hyperscalers catering to artificial intelligence developers and users," the analyst tells investors in a research note. The firm says Hut has a "tangible pipeline" of future sites beyond River Bend that anchors the 15-year, $7B Fluidstack and Anthropic deal signed last month.

Roth Capital

Buy

maintain

$60 -> $80

2026-01-27

Reason

Roth Capital

Price Target

$60 -> $80

2026-01-27

maintain

Buy

Reason

Roth Capital raised the firm's price target on Hut 8 (HUT) to $80 from $60 and keeps a Buy rating on the shares following its River Bend lease announcement. The initial 330MW contracted has more legs behind it in terms of economics and size, while discussions with management point to a full backstop from Google (GOOGL) and the deal being scalable beyond 1GW, the analyst tells investors in a research note.

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About HUT

Hut 8 Corp. is an energy infrastructure platform. The Company's segments include Power, Digital Infrastructure, Compute, and Other. The Company's Power segment acquires, develops, and manages critical energy assets such as interconnects, powered land, and other electrical infrastructure to address the load demands of energy-intensive applications such as Bitcoin mining and high-performance computing. Its Power segment consists of power generation and managed services. Its Digital Infrastructure segment consists of CPU Colocation and ASIC Colocation services. The Company's Compute segment consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. The Company, through its subsidiary, American Bitcoin Corp., is focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The Company's platform spans approximately 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Strategy Impact: The overall strategy sector has experienced a significant decline of 4.2%, suggesting broader issues affecting strategic investments.
Industry Trends: These declines highlight ongoing volatility and challenges within the cryptocurrency and related markets.

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Investment Trends: The decline in shares reflects ongoing volatility and investor sentiment in the cryptocurrency market.

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Market Performance: Coinbase Global's stock has decreased by 3.3%, indicating a downturn in the cryptocurrency exchange market.
Bitcoin Farms Impact: Bitcoin Farms also experienced a decline, with their value dropping by 3%.
Strategic Adjustments: The strategy sector has seen a more significant decrease of 7%, reflecting challenges in the broader market.
Overall Trend: The overall trend suggests a bearish sentiment in the cryptocurrency and related sectors.

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Market Performance: Coinbase Global's stock has decreased by 2.4%, indicating a downturn in its market performance.
Bitfarms Decline: Bitfarms has seen a larger drop of 2.8%, reflecting challenges in the cryptocurrency mining sector.
Strategy Impact: The overall strategy sector has experienced a significant decline of 4.2%, suggesting broader issues affecting strategic investments.
Industry Trends: These declines highlight ongoing volatility and challenges within the cryptocurrency and related markets.

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Market Overview: Cryptocurrency stocks are experiencing a decline, reflecting a broader downturn in the market.
Bitcoin Prices: The price of Bitcoin is tracking lower, contributing to the overall negative sentiment in the crypto market.

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