$HUT

Hut 8's shares rose after Wells Fargo initiated coverage with an Overweight rating, citing its 949 MW of IT capacity and strong tenant credit quality. The bank expects Hut 8 to outperform peers, driving today's upside. Hut 8 reports expanding revenue, improving margins, and a backlog of AI infrastructure work, but faces ongoing losses, debt, and cash demands.

Analysts made several calls on Thursday. Goldman upgraded Sunbelt citing growth improvement. Wolfe reiterated Tesla as peer perform. Bernstein downgraded Palo Alto Networks, Okta, and SentinelOne due to valuation. Citizens upgraded JBHT to market outperform. Daiwa reiterated Nvidia as outperform but lowered its price target to $245. RBC initiated Kraft Heinz as outperform. Wells Fargo initiated several bitcoin miners as overweight. Barclays reinstated Paramount Skydance as underweight and Warner

Wells Fargo initiated coverage of four bitcoin miners with 'Overweight' ratings, focusing on AI infrastructure. Core Scientific (CORZ) gained 5% with a $28 target, citing its AMD partnership. Hut 8 (HUT) rose 4.5% with a $175 target, praised for tenant quality. Cipher Mining (CIFR) led gains with a 6% increase, noted for high risk/reward. TeraWulf (WULF) gained 5% with a $30 target, recognized for site quality.

Bitcoin miners' performance diverged from bitcoin's price over the past year, with four of the five largest miners gaining while bitcoin fell 31%. According to CoinShares, miners are increasingly leasing power contracts to AI data centers, shifting their business model. Efficient mining rigs profited, while older ones lost money. Miners like Hut 8 (HUT), Riot (RIOT), and CleanSpark (CLSK) saw significant gains. CoinShares' ETF (WGMI) expanded to include AI infrastructure names like Nebius (NBIS)

Circle and Coinbase shares dropped about 10% after the US Senate failed to advance the CLARITY Act, which would set rules for the digital asset market. Bitcoin miners and treasury companies also declined. Bitcoin briefly fell below $75,000 but recovered to around $76,000. Coinbase CEO Brian Armstrong had advocated for the bill.

Hut 8 Corp. will start construction on the $399M Beacon Point data center campus in Texas, aiming for a 2027 completion. The 525-acre, AI-focused facility will have up to 1 gigawatt capacity. Hut 8 signed 15-year leases totaling $19.6B for 704 megawatts of capacity.

MSTR, COIN, CRCL ended the week lower, while bitcoin miners CLSK, HUT, MARA rallied. MSTR closed at $130.97, down 8.28% weekly. COIN closed at $175.26, down 5.08% weekly. CRCL closed at $90.60, down 11.22% weekly. CLSK, HUT, MARA gained 7.72%, 5.40%, 5.92% weekly respectively. Bitcoin fell 3.10% weekly, ether rose 2.39%.

Third Point disclosed a stake in Hut 8 Corp. (HUT) and debt exposure to Riot Platforms (RIOT) in its latest filing. HUT shares increased from 869,563 to 1.315 million, while RIOT notes amounted to $3.5 million. HUT reported 949 MW of contracted capacity and $26.6B in expected contract value. RIOT's Q2 revenue was $23.2M, with future leases adding to its pipeline. Both companies face execution risks in converting commitments into returns.

Hut 8 Corp. (NASDAQ: HUT) stock rose 9.37% on September 11, 2026, driven by investor optimism over its expanded Bitcoin mining capacity and AI data-center bets. The company is pivoting to AI infrastructure, securing a $9.8B lease for its Texas data-center campus and benefiting from ties to Nvidia and Anthropic's $35B cloud compute deal. Despite negative margins and high leverage, HUT holds $7.0B in cash, attracting momentum traders. Analysts note high risk and reward potential, with a $132 price

Hut 8 Corp. (HUT) shares rose 11.03% to $100.59 on optimism around the Senate Clarity Act, which could establish a federal framework for digital assets. The company reported $74.9M in Q2 2026 revenue, up 81% YoY, driven by compute revenues and 935 BTC mined. Hut 8 is expanding its AI data center portfolio with 949 MW in contracted capacity.