Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals
Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals
Benchmark raised Hut 8’s price target to $165 from $85, citing $16.8 billion in contracted value from two AI data center leases.Analyst Mark Palmer also cautioned that Hut 8’s Q2 financials are expected to be “messy,” citing the mark-to-market accounting treatment of its bitcoin holdings.
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