Furthermore, Canaccord’s Joseph Vafi said “after adding 600 petahash of new hydro-driven mining capacity in Quebec during Q2, all the pieces are coming together for the company to further, materially expand its hash rate capacity in 2022, leverating 200MW of cheap, Texas wind power and recently placed orders for new Bitcoin (BTC) miners.” His 12-month price target is $24 for the miner’s stock.
Related posts
-
Bitcoin price could see 20% drop, analysts warn
Bitfinex analysts warn that Bitcoin could drop by up to 20% as the Federal Reserve’s upcoming... -
OKX Announces ‘Automated Arbitrage’ Facility for Bitcoin Traders
“With this enhanced Smart Arbitrage bot, we continue to lead the way in providing automated, intuitive... -
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from...