Hut 8 Corp. (NASDAQ: HUT) saw its stock climb more than 7% after Morgan Stanley began coverage with an Overweight rating. This move injects new institutional confidence into the company, which is now recognized as more than just a Bitcoin miner.
The bullish outlook helped HUT shares break out from a multi-week downtrend, reversing recent losses and signaling renewed investor interest. Hut 8’s broader positioning in the crypto space appears to be gaining traction amid increasing market focus on diversified crypto firms.
