Brokerage firm HC Wainwright recently evaluated the cryptocurrency mining company Hut 8 and expressed optimistic views about its future prospects. The company elevated Hut 8's rating from sell directly to buy and raised its target price from $7.5 to $13.5. This decision was based on several factors including the potential for Hut 8 to benefit from the growing demand for energy and infrastructure by AI companies, and the enhancement of its capability to attract high-performance computing (HPC) or AI clients after receiving a $150 million investment from Coatue in June. It was revealed that Hut 8 is actively negotiating with potential clients to explore possibilities for large-scale HPC and AI projects.