Hut 8 Stock Gets A Price Target Boost As A.I. Pivot Succeeds

Hut 8 Stock Gets A Price Target Boost As A. I. Pivot Succeeds CryptoProwl Tue, July 14, 2026 at 3:27 PM GMT+2 2 min read HUT BTC-USD NDAQ Hut 8 Stock Gets A Price Target Boost As A.

I. Pivot Succeeds Wall Street brokerage Benchmark has raised its price target on the stock of Hut 8 Corp. (NASDAQ: $HUT) as the company's pivot to artificial intelligence (A.

I. ) data centres succeeds. Benchmark nearly doubled its price target on Hut 8's stock to $165 U.

S. from $85 U. S.

previously, citing the success of the company's transition into an A. I. infrastructure developer.

The new price target from Benchmark is 67% higher than where HUT stock currently trades on the Nasdaq (NASDAQ: $NDAQ) exchange. More From Cryptoprowl: Trump Urges U. S.

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K. Government's Tokenization Taskforce Hyperliquid HIP-3 Volume Nears 50% as Onchain Stock Trading Accelerates MEXC Reports 7. 1 Billion USDT in SpaceX Futures Volume as Q2 Closes the Gap to Wall Street In a note to clients, Benchmark said that Hut 8's shift from Bitcoin (CRYPTO: $BTC) miner to A.

I. data centre operator significantly increases its valuation. Analyst Mark Palmer reiterated a buy rating on HUT stock, arguing that the market has yet to fully reflect Hut 8's rapid expansion and successful execution.

Palmer adds that a buying opportunity in HUT stock has opened up after the share price fell nearly 30% over the past six weeks. Hut 8 has repositioned portions of its power and infrastructure to serve A. I.

workloads, betting that contracts with technology companies will generate steadier revenue than crypto mining. Hut 8 has signed two 15-year lease agreements covering 597 megawatts of power capacity at its River Bend, Louisiana and Beacon Point, Texas data centre campuses. According to Benchmark, the agreements represent $16.

8 billion U. S. in contracted lease value, which could rise to $42.

8 billion U. S. if the tenants exercise renewal options.

Palmer also highlights Hut 8's development pipeline, which totals more than nine gigawatts of power across projects under development, providing a long runway for future growth. HUT stock has risen 348% in the last 12 months to trade at $99. 17 U.

S. per share.