Canaccord analyst Joseph Vafi raised the firm’s price target on Hut 8 (HUT) to $70 from $62 and keeps a Buy rating on the shares. The firm said favorable lease terms on its recent River Bend co location deal are only accruing more value to the broader power infrastructure portfolio. At a macro level, demand for AI data center power continues to grow, based on increasingly favorable lease terms on recent deal announcements.
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