Top Initiations: APLD CIFR CORZ HUT IREN WULF: NEUTRAL @ Redburn DLR EQIX IRM: BUY @ Redburn CRWV NBIS: SELL @ Redburn BGSI: OUTPERFORM @ Mizuho MCHB: EQUAL WEIGHT @ Stephens NNE: BUY @ Needham SECZ: OVERWEIGHT @ Cantor TEM: NEUTRAL @ GS XRN: OVERWEIGHT @ Cantor