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Hut 8 Stock Surges on $7 Billion AI Hosting Deal and Bullish $85 Price Target

Hut 8 Stock Surges on $7 Billion AI Hosting Deal and Bullish $85 Price Target

Author:

Global Cryptocurrency

Published:

2025-12-22 15:48:02

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BTCCSquare news:

Hut 8 Corp. shares rallied 3.1% in premarket trading after Benchmark analyst Mark Palmer raised his price target to $85—the highest on Wall Street—citing the company's transformative $7 billion data center agreement with Fluidstack. The 15-year contract for 245 megawatts of AI hosting capacity at Louisiana's River Bend campus marks Hut 8's strategic pivot from volatile crypto mining to stable digital infrastructure.

Benchmark values the contracted cash flows and power demand at $7.6 billion, projecting improved revenue predictability. Year-to-date returns now stand at 102%, though the stock's 23.4x P/E ratio exceeds the calculated fair value multiple of 7.9x—a valuation gap that may test investor conviction.

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