BUSINESSBITCOIN MAGAZINE
Benchmark Raises Hut 8 Price Target After Bitcoin Miner Signs $9.8 Billion AI Data Center Deal
Investment bank Benchmark raised its price target for Bitcoin miner Hut 8 following a $9.8 billion 15-year AI data center lease. The deal, which doubles Hut 8’s contracted capacity at its Texas campus, validates the company’s 'power-first' approach to AI infrastructure and could generate $655 million annually. Hut 8’s stock rose over 10% on the news as it joins a trend of Bitcoin miners pivoting to AI and high-performance computing.
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- Bitcoin Miner Hut 8 Shares Jump on $9.8 Billion AI Data Center Deal
- Hut 8 Shares Hit All-Time High Price as Bitcoin Miner Signs $9.8 Billion AI Data Center Lease
- Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals
- Hut 8, IREN deals lift AI-focused Bitcoin mining stocks
- Hut 8 shares jump over 30% on news of $9.8 billion AI data center lease
- Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector