Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals

60-second summary

Benchmark analysts raise Hut 8's target to $165, citing significant growth potential driven by $16.8 billion in AI data center contracts and the Beacon Point commercialization. This substantial deal pipeline positions Hut 8 for long-term success, with Benchmark seeing a long pathway for growth in the company's future prospects, boosting investor confidence in the digital asset sector.