Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
Analyst Mark Palmer raises Hut 8 price target to $165, citing its AI pivot via Beacon Point project.
Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
THE BLOCK: Benchmark raises Hut 8 price target to $165 from $85, citing $16.8 billion in contracted AI data center lease value. $HUT holds 10,667 bitcoin:native and has a 60% stake in Trump-linked bitcoin mining and treasury company American Bitcoin. https://t.co/IzJiarMTPu
THE BLOCK: Benchmark raises Hut 8 price target to $165 from $85, citing $16.8 billion in contracted AI data center lease value. $HUT holds 10,667 $BTC and has a 60% stake in Trump-linked bitcoin mining and treasury company American Bitcoin.
Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals