Woofun AI reports that Benchmark Equity Research increased its price target for Hut 8 to $195 from $165 on Wednesday, driven by the full commercialization of the Beacon Point AI data center campus in Texas. This marks the second target increase this month, following a prior raise from $85 to $165 by analyst Mark Palmer after incorporating the project's first phase. The new valuation implies roughly 75% upside from the stock's Wednesday close near $111. Hut 8 has executed contracts for 949 megawatts of AI data center capacity, underscoring a strategic shift from traditional Bitcoin mining toward AI infrastructure and power-driven data center models. Benchmark characterizes the company as evolving into a "power-first data center REIT", an infrastructure platform centered on power resources and data center assets. Hut 8 shares gained approximately 2% on Wednesday, contributing to year-to-date returns nearing 120%.