Benchmark Raises Hut 8 Target to $195 on Beacon Point Commercialization
2026-07-23 11:32

Woofun AI reports that Benchmark Equity Research increased Hut 8's price target from $165 to $195 on Wednesday, marking the second adjustment this month. The revision follows the full commercialization of the Beacon Point AI data center campus in Texas, where a new 15-year lease worth $9.8 billion brings total contracted capacity to 704 MW and total contract value to $19.6 billion. Benchmark notes approximately 75% upside from the current stock price of $111, incorporating the valuation of 10,278 bitcoins and a 60% stake in American Bitcoin Company.

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bitcoins
Benchmark
Benchmark Equity Research
Hut 8
American Bitcoin Company
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