HUT 8’s (cabin) new subsidiary, American Bitcoin Corp., a partnership between the mining company and the Trump family, could be spun, allowing the company to focus on data center hosting, Broker Clear Street said in a report Monday.

The broker noted that the new device will be included in the Bitcoin Miner’s Financials, but “the companies could be separated, giving HUT the opportunity to focus on high-margin data center hosting revenue.”

Cabin 8 is expected to secure more power and expand its data center hosting company, the report says, and “the potential to secure a hyperscaler” is a key catalyst for the company.

Eric Trump and Donald Trump Jr. merges their regular US data centers, with American Bitcoin, a new mining that takes a 20% share in the company. The remaining 80% are owned by HUT 8, which contributes almost 61,000 miners to the new unit.

Core Scientifics (Corz) agreement with the cloud computing company Coreweave led to a re-evaluation of the sector last year as investors warmed to the idea of ​​Bitcoin mine workers involving artificial intelligence and High Performance Computing (HPC).

Hytte 8 is expected to enter a phase of significant growth starting in the second half of the year, “powered by the energy share of the Bitmain Colocation agreement,” the report added.

Clear Street has a purchase rating of HUT 8 shares with a price target of $ 23. The shares were over 4% higher at $ 12.10 in the early trade.

Investment Bank KBW noted that Eric Trump will serve as the main strategy for American Bitcoin, which could be a great positive considering his “commitment to the industry as well as his obvious relationship.”

KBW has an outperform rating on the stock with a price target of $ 30.