The Block (@TheBlockCo): THE BLOCK: Benchmark raises Hut 8 price target to $165 from $85, citing $16.8 billion in contracted AI data center lease value.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
THE BLOCK: Benchmark raises Hut 8 price target to $165 from $85, citing $16.8 billion in contracted AI data center lease value. $HUT holds 10,667 $BTC and has a 60% stake in Trump-linked bitcoin mining and treasury company American Bitcoin.