Hut 8 stock surges after Benchmark raises price target to Street high
Dec. 22, 2025 1:13 PM ET
By: Liz Kiesche, SA News Editor
Hut 8 ( HUT) stock bounced up 18% in Monday afternoon trading after StoneX's Benchmark raised its price target to $85, a Street high, citing the benefits of the REIT's recent agreement to lease 245 MW of capacity at its River Bend data campus to Fluidstack for 15 years.
"The transaction combined superior deal economics relative to peer deals, long-dated, investment-grade-backstopped cash flows, and multiple layers of embedded expansion optionality across three counterparties — Anthropic, Fluidstack, and Google ( GOOGL) — and we think it has positioned HUT as one of the most advantaged AI/HPC infrastructure providers in the public markets," analyst Mark Palmer wrote in a note to clients.
He praises Hut 8 ( HUT) management for not rushing to monetize the company's power assets during the early part of the AI infrastructure land-grab, when pricing, structure, and counterparties were less favorable. Rather, it held off until it could get a deal that met HUT's internal return thresholds and strategic criteria, he said.
Benchmark values the initial 245 MW River Bend tranche at ~$7.6B, reflecting contracted cash flows and the scarcity value of AI-ready power with an investment-grade rating.
Palmer reiterated his Buy rating on Hut 8 ( HUT), and raises his price target to $85 from $78, based on a sum-of-the-parts analysis. |
