Published Jul 22, 2026, 11:35 AM ET · Updated 4 months ago · 2 sources
THE BLOCK: Benchmark raised Hut 8's price target by nearly 20% after the company doubled its leased capacity at its Beacon Point AI campus. The firm said $HUT is evolving into a "power-first data center REIT," with $26.6 billion in contracted revenue.
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THE BLOCK: Benchmark raised Hut 8's price target by nearly 20% after the company doubled its leased capacity at its Beacon Point AI campus. The firm said $HUT is evolving into a "power-first data center REIT," with $26.6 billion in contracted revenue.