Keefe Bruyette sees big upside in HUT, CIFR on AI data shift

Hut 8 (HUT) and Cipher Mining (CIFR) fell over 4% premarket despite Wall Street upgrades. Keefe Bruyette raised HUT to $89 and CIFR to $23, citing a pivot to AI data centers. Citizens lifted HUT to $100. The bullish calls follow HUT's $3B bond deal to finance a Google-linked facility, signaling a shift to high-performance computing.