US Stock Market Move | Hut8 (HUT.US) continues to rise by over 5%, accumulating a total increase of 37% over the past 3 trading days.

On Tuesday, Hut8 (HUT.US) continued to rise by over 5%, with a cumulative increase of 37% over the past three trading days, now trading at $52.90. On the news front, StoneX's Benchmark previously raised the company's target price to $85, the highest on Wall Street. Analysts pointed out that this adjustment was due to an agreement recently reached by CareTrust REIT Inc (REIT), which will lease its River Bend data center with a capacity of 245 megawatts to Fluidstack for 15 years. Analyst Mark Palmer wrote in a research report to clients: "This deal combines superior economic terms relative to similar transactions, long-term and investment-grade guaranteed cash flow, and multiple embedded expansion options across three counterparties - Anthropic, Fluidstack, and Alphabet Inc. Class C (GOOGL.US). We believe this positions Hut8 as one of the most advantaged providers of artificial intelligence/high-performance computing infrastructure in the public market."