Brokerage firm HC Wainwright upgraded the rating of bitcoin miner Hut 8 by two notches, from sell to buy, and also raised its price target sharply from $7.50 to $13.50. It is reported that Hut 8 may profit from the growing demand for energy and infrastructure from artificial intelligence (AI) companies, and the possibility of signing up high-performance computing (HPC) or AI customers has also increased after Coatue invested $150 million in June. HC Wainwright also disclosed that Hut 8 is currently actively negotiating with potential customers for large-scale HPC and AI projects.