Investment bank trims price target on AI stock despite Anthropic partnership
By Anand Sinha
Published on March 2, 2026.
Hut 8 Corp., the Bitcoin mining and artificial intelligence (AI) firm, has entered into a partnership with Anthropic and Fluidstack. The partnership aims to accelerate the deployment of hyperscale AI infrastructure in the United States. However, despite this, a major investment bank, Cantor Fitzgerald, has lowered its price target on the HUT stock from $72 to $68 due to the decline in Bitcoin prices affecting mining revenue from American Bitcoin (Nasdaq: ABTC), and lower power generation revenue from the sale of these assets.
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