HUT

The stock was bid up all day due to the Texas governor's race, as AI bulls hoped for a victory by Abbott, who is perceived as more favorable to data centers than his challenger.

The stock held onto a significant portion of its bounce, indicating stronger performance compared to other neoclouds.

The company's stock outperformed as investors processed the implications of the SPCX print for the space.

The CEO clarified that the CSO's Form 144 filing was for borrowing against his stake to fund taxes on future vesting, rather than an outright sale, indicating continued conviction in the company.

UBS initiated a Buy rating on Miners, noting that the five AI-colocation names already control approximately 50GW of leased capacity, representing about $125 billion of contracted revenue, with an additional 12GW of expansion opportunity.

UBS models approximately 80% average EBITDA growth from 2027–29, with 2029 estimates about 10% above Street, and sees approximately 36% average upside as companies convert power pipelines into long-term contracted cash flows.

HUT/WULF/APLD/CORZ/CIFR: UBS initiates Buy on Miners, sees time-to-power driving multi-year contracted growth

The company secured conditional base-load status for key Texas projects, allowing power studies to proceed and materially de-risking 2027 energization.

Needham argues that recent weakness in neocloud and co-location stocks reflects overstated fears about excess compute and rising competition.

Power availability remains the binding constraint, limiting near-term revenue disruption.

Contracted GPU pricing, which constitutes a large portion of neocloud revenue, remains robust despite softening spot rates for older-generation GPUs, suggesting a normal product transition rather than structural oversupply.

The company stands to benefit as new entrants compete for scarce powered capacity, and recent lease economics point to improving pricing.

Longer term, software differentiation should matter more for CRWV and IREN, while WULF, HUT, CIFR and APLD stand to benefit as new entrants compete for scarce powered capacity and recent lease economics point to improving pricing.

The stock performed strongly, indicating positive sentiment in the mining sector.

NBIS/CRWV +8-11% presumably strong off the semi analysis Anthropic note saying Anthropic/OpenAI compute demand is forecast at 100GW+ by 2030 vs ~6GW of access today and also (reportedly) positive commentary around GPU spot pricing from Jensen in meetings ea...

The firm argues compute scarcity is intensifying as Anthropic faces more service disruptions and token throttling, while the SpaceX/xAI agreement implies pricing well above current NEO market rates. Arete highlights CRWV’s ~$100bn order book, Nebius already...

The company signed a significant lease agreement to provide computing power, indicating strong demand for its services.

Neoclouds/Miner strength all around: HUT +40% as they signed a lease worth at least ~$10B over 15 years to provide computing power to a “high-investment-grade company.”; IREN +11%/WULF +10%/ NBIS +11% / CRWV +8%

The stock saw a significant gain, benefiting from positive sentiment related to Anthropic.

The stock was up in sympathy with other neoclouds.

The company is part of the "Neoclouds" group, which is showing strong performance.

Neoclouds CRWV/NBIS +7- 8%；WULF +16%；HUT +7%；IREN

The Fluidstack-Anthropic deal and River Bend agreement materially de-risk the valuation and demonstrate execution on hyperscaler tenancy.

Piper Sandler maintains an Overweight rating on Hut 8 with a $74 price target, saying the newly announced Fluidstack–Anthropic data center agreement materially strengthens the valuation case. The firm updates its SOTP framework and sees implied equity value...