from24/7 Wall St.
5 days agoCanaccord Just Nearly Doubled Hut 8 Price Target to $130 on AI Data Center Pivot
Canaccord asserted that Hut 8's strategic progress continues to accelerate. In just a couple of quarters, the company has signed two marquee AI co-location deals with "some of the best terms we have seen across the sector." That language matters because it signals Hut 8 is winning enterprise-grade AI tenants rather than speculative compute customers.
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