Benchmark Raises Hut 8 Price Target to $195 from $165 on Wednesday

HUT0.84%
According to The Block, Benchmark Equity Research raised Hut 8's price target to $195 from $165 on Wednesday, citing the completion of full commercialization of its Beacon Point AI data center campus in Texas. The upgraded target implies approximately 75% upside from the stock's price at the time of the report. Hut 8 recently signed a second 15-year lease agreement valued at $9.8 billion, bringing Beacon Point's contracted capacity to 704 MW and total contract value to $19.6 billion.
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