Following an AI data center deal, Benchmark has raised its price target for Hut 8 to $85. According to reports, the lease agreement shifts operating cost risk to the tenant. The deal also secures long-dated, backstopped cash flows, which improves earnings visibility for Hut 8. The analysis suggests a positive financial outlook for the company based on this new strategic direction into AI infrastructure.

Following an AI data center deal, Benchmark has raised its price target for Hut 8 to $85. According to reports, the lease agreement shifts operating cost risk to the tenant. The deal also secures long-dated, backstopped cash flows, which improves earnings visibility for Hut 8. The analysis suggests a positive financial outlook for the company based on this new strategic direction into AI infrastructure.