Hut 8 Restructures to Cut Costs, Diversifies Revenue with Merger While Keeping Cautious View Ahead of Bitcoin Halving

• Hut 8 more diversified after merger with US Bitcoin Corp, with mining accounting for 68% of revenue vs other services • Broker Canaccord maintains buy rating but lowers price target from $17.50 to $14 • Hut 8 launched restructuring to cut costs and boost cash flow, deploying USBTC tech across facilities • Management taking careful approach to new mining gear purchases ahead of bitcoin halving • Hut 8's 9,000+ bitcoin holdings give company "significant flexibility"