Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
CoinDesk·
60-second summary
Mark Palmer at Benchmark hikes Hut 8's price target to $165, citing the company's transformation into an AI infrastructure platform with Beacon Point project. This pivot reshapes valuation, unlocking long-term growth potential.
Mark Palmer said Hut 8's Beacon Point project transforms the company into an AI infrastructure platform with a long growth runway.