Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals
Benchmark raised its price target on Hut 8 to $165, citing a 'long pathway for growth' for the company. The analyst's bullish view is tied to $16.8 billion in AI data center deals.
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Benchmark nearly doubled its target from $85, citing two 15-year take-or-pay leases covering 597 MW at River Bend, Louisiana and Beacon Point, Texas, worth up to $42.8 billion with renewals.
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