Changes in US stocks | Hut8 (HUT.US) continued to rise by more than 5% for 3 trading days and 37%

The Zhitong Finance App learned that on Tuesday, Hut8 (HUT.US) continued to rise by more than 5%, rising 37% over 3 trading days, and now reports $52.90. According to news, previously, Benchmark, a subsidiary of StoneX, raised the company's target price to 85 US dollars, the highest level on Wall Street. Analysts pointed out that the increase stemmed from a recent agreement reached by the real estate investment trust (REIT) to lease 245 megawatts of its River Bend data park capacity to Fluidstack for a period of 15 years.

Analyst Mark Palmer wrote in his research report to clients: “This deal combines superior economic terms compared to similar deals, long-term, investment-grade guaranteed cash flow, and multiple embedded expansion options across three counterparties — Anthropic, Fluidstack, and Google (GOOGL.US). We believe this makes Hut8 one of the most advantageous artificial intelligence/high-performance computing infrastructure providers on the open market.”