Investment bank trims price target on AI stock despite Anthropic partnership

Core Insights - Hut 8 Corp. has partnered with AI companies Anthropic and Fluidstack to develop AI data center infrastructure, aiming to deliver between 245 MW and 2,295 MW of capacity to accelerate hyperscale AI deployment in the U.S. [1][2] - The partnership is expected to enhance the integration of power, data center design, and compute deployment at a gigawatt scale, with additional capacity anticipated to come online by early 2027 [2]. Financial Performance - Hut 8 reported Q4 2025 financial results with revenue of $88.5 million and a net loss of $301.8 million [4]. - Despite a significant stock surge of over 250% in the past year, the stock has recently declined by 1% to trade at $52.64 [4]. Market Reactions - Cantor Fitzgerald has lowered its price target for Hut 8 stock from $72 to $68, citing the impact of declining Bitcoin prices on mining revenue and lower power generation revenue [3]. - The investment bank maintained an overweight rating despite the price target reduction [3].