Benchmark raises Hut 8 target price to $195, optimistic about its power priority model

According to The Block, Benchmark has raised its target price for Hut 8 from $165 to $195, as Hut 8's Beacon Point AI campus in Texas has been fully commercialized. Hut 8 has signed a second 15 year lease worth $9.8 billion with tenants, increasing Beacon Point's contracted capacity to 704 MW, bringing the total contract value of the 1 GW park to $19.6 billion.