Benchmark sees Hut 8 becoming a ‘power-first data center REIT,’ raises target another 18%

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Benchmark sees Hut 8 becoming a ‘power-first data center REIT,’ raises target another 18%

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Benchmark analysts see Hut 8 transforming into a 'power-first data center REIT,' raising their target price by 18% which implies approximately 75% upside for investors. Hut 8 shares have already surged nearly 120% year to date, driven by the growing demand for digital assets and data storage, fueling the company's valuation.

Benchmark’s new price target implies roughly 75% upside, with Hut 8 shares already up nearly 120% year to date.