🟢 Hut 8 is trading 4.04% up today after Wells Fargo initiated coverage with Overweight rating

Hut 8 is trading 4.04% up at $94.67 after Wells Fargo initiated coverage with an Overweight rating and a $175 price target; the upgrade appears to be the primary catalyst.

• Wells Fargo cited 949 MW of contracted critical IT capacity and strong tenant credit quality.
• Bitcoin is up 5.59% and Ethereum 6.33% since the previous close, supporting crypto-related stocks; renewed AI-infrastructure optimism adds sector support.