Hut 8’s AI data center deal is bigger than meets the eye: Benchmark lifts price target to $85

Wall Street broker Benchmark said bitcoin miner Hut 8 (HUT) is using last week’s River Bend announcement to cement a shift from a crypto-first power owner into an institutional-grade digital infrastructure platform. Analyst Mark Palmer said the structure, counterparties and cash-flow quality separate HUT's deal from the wave of recent AI data center agreements. He reiterated his buy rating on the stock and lifted his price target to 85from85 from 77, suggesting 93% upside from Friday's close of $44.12. Shares ...