STOCKS | Benchmark Raises Hut 8 Price Target to $195 After Beacon Point Commercialization
2026-07-22 18:30:25
Benchmark Equity Research raised its Hut 8 price target to $195 from $165 after Beacon Point reached full commercialization. According to NS3.AI, Hut 8 also signed a second 15-year, $9.8 billion lease with the campus' existing tenant. The new agreement doubled Beacon Point's contracted capacity to 704 MW.
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