10 Stocks Are Dominating Like Wall Street Titans

4. Hut 8 Corp. (NASDAQ:HUT)

Hut 8 saw its share prices rise by 13.79 percent on Friday to close at $18.57 apiece as investors gobbled up shares following an investment firm’s bullish rating on the company.

In its first coverage of Hut 8 Corp. (NASDAQ:HUT), Roth Capital gave a “buy” recommendation on the Bitcoin miner with a price target of $25, representing a 34.6 percent upside from its last closing price.

According to Roth Capital, the rating and price target reflected Hut 8 Corp.’s (NASDAQ:HUT) transformation into a power-focused digital infrastructure platform with significant growth potential.

“HUT sources and allocates power to the highest-return use cases…This enables strategic site selection, efficient capex ($400K/MW BTC builds), and faster speed-to-market. Its in-house design and energy optimization software allows cost control and scalability that peers often lack. ~430MW of HPC CITL and other sites in diligence support a highly scalable roadmap,” the investment firm said.