Benchmark raises Hut 8 price target to $85 after AI data center deal
Benchmark raised its price target on Hut 8 to $85 from a previous call of $78, arguing that the company’s recently announced AI data center agreement marks a step-change in the quality and durability of its cash flows. In a note published Monday, analyst Mark Palmer reiterated a “buy” rating on the bitcoin miner-turned-infrastructure developer,...
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