Hut 8 AI Data Center Deal Analysis: Benchmark Raises Price Target to $85 on Strategic Growth

Analysts at Benchmark have significantly increased their price target for Hut 8 Mining (HUT) from $16 to $85, citing the underestimated strategic value of the company's recent AI data center infrastructure deal. This major reassessment highlights Hut 8's pivot beyond Bitcoin mining into high-performance computing (HPC) and artificial intelligence. The deal provides Hut 8 with a stable, long-term revenue stream and positions it competitively in the burgeoning AI sector. The analyst note emphasizes that the market has not fully priced in the transformative potential of this agreement for Hut 8's financial future and diversification strategy. This bullish outlook reflects growing confidence in Hut 8's ability to leverage its energy assets and operational expertise for next-generation computing demands.