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Benchmark Raises Hut 8 Price Target to $195 Following $9.8B AI Data Center Deal

Price Prediction Stocks Partnerships & Ecosystem

2026-07-27 15:03:59

According to Benchmark equity research analyst Mark Palmer, the investment bank raised its price target on Bitcoin miner Hut 8 to $195 on Wednesday, up from $165, following the company's announcement Monday of a $9.8 billion 15-year lease for an AI data center at its Beacon Point campus in Texas. The new target implies 80% upside from Hut 8's current share price of approximately $110. Palmer maintained his "buy" rating and argued the deal validates Hut 8's "power-first" approach to AI infrastructure. Hut 8's shares climbed over 10% on the announcement, closing near $101.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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