Benchmark Hikes Hut 8 Corp. (HUT) Price Target amid $7B Data Center Deal

2 weeks ago 9

Neha Gupta

Mon, January 19, 2026 astatine 7:15 AM CST 2 min read

Hut 8 Corp (NASDAQ:HUT) is one of the champion cryptocurrency and blockchain stocks to bargain now. On December 19, Benchmark raised the stock’s terms people to $85 from $78. The terms people hike is successful effect to the institution signing a $7 cardinal information halfway deal, which is expected to fortify its integer infrastructure concern successful summation to its crypto-focused business.

Benchmark Hikes Hut 8 Corp. (HUT) Price Target amid $7B Data Center Deal

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The institution has signed a 15-year, $7 cardinal lease statement with Fluidstack for 245 megawatts of IT capableness astatine its River Bend information center. Google is to supply the fiscal backstop covering obligations during the 15-year lease term. In summation to the increasing integer infrastructure business, the expert besides views the company’s involvement successful Bitcoin mining institution American Bitcoin arsenic a affirmative going forward.

“The transaction combined superior woody economics comparative to adjacent deals, long-dated, investment-grade-backstopped currency flows, and aggregate layers of embedded enlargement optionality crossed 3 counterparties – Anthropic, Fluidstack, and Google,” Palmer noted.

Likewise, probe steadfast Keefe, Bruyette & Woods has accrued Hut 8’s terms people to $55 from $30 portion reiterating a Buy rating. The terms people hike is successful effect to what the probe steadfast bills arsenic beardown execution connected the high-performance computing colocation deal. The probe steadfast expects the institution to unafraid further Google TPUs owing to the nett enlargement imaginable astatine River Bend.

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Hut 8 Corp. (NASDAQ:HUT) operates an energy-first infrastructure platform, gathering and managing large-scale information centers for power-hungry applications specified arsenic AI and Bitcoin mining, offering services ranging from powerfulness procreation and integer infrastructure to compute powerfulness (GPU/CPU) and managed information halfway services.

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