Bitcoin miner Hut 8 might be setting its sights on acquiring a hyperscaler, according to market analysts. Clear Street has maintained a buy rating on Hut 8 shares, projecting a $23 price target. This potential move signals Hut 8’s ambitions to expand its operations in the competitive market of Bitcoin mining. Industry experts posit that such an acquisition could enhance Hut 8’s position, making it a formidable player among its peers. Investors are watching this story closely; significant operational changes could impact market dynamics and stock valuation. This strategic endeavor highlights the growing importance of scalability in the cryptocurrency mining sector.