B. Riley lowers price targets on Hut 8 and Core Scientific, keeps Buy ratings
B. Riley cut its price targets to $134 for Hut 8 and $31 for Core Scientific while keeping Buy ratings. Source: Dow Jones Newswires.
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what happened
B. Riley Securities lowered its price target on Hut 8 shares from $163 to $134, while keeping its Buy rating unchanged. Dow Jones Newswires reported this on October 30, citing data from Benzinga.
Core Scientific saw a similar move: its target was cut from $42 to $31, and the Buy rating was maintained. The two actions were recorded a few minutes apart, at 13:24 GMT for Core Scientific and 13:27 GMT for Hut 8.
why it matters
Hut 8 and Core Scientific are listed bitcoin miners, so their shares are sensitive to the BTC price and to electricity and equipment costs. The target cuts reflect one analyst's revised valuation and are not a broader market signal. For miners, hashprice and power costs matter as well, but the source does not provide those figures.
tags
instruments
sources
- Hut 8 Is Maintained at Buy by B. Riley Securities — Dow Jones Newswires, 30 October 2026 at 13:27 UTC
- Core Scientific Is Maintained at Buy by B. Riley Securities — Dow Jones Newswires, 30 October 2026 at 13:24 UTC
- Kratos Is Maintained at Buy by B. Riley Securities — Dow Jones Newswires, 30 October 2026 at 13:38 UTC
- Keel Infra Is Maintained at Buy by B. Riley Securities — Dow Jones Newswires, 30 October 2026 at 13:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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