Hut 8 could surge 75% as Benchmark sees it becoming a power-first data center REIT

Benchmark has raised its price target for Hut 8 by another 18%, implying roughly 75% upside from current levels. Shares of Hut 8 are already up nearly 120% year to date. Analysts see the company evolving into a power-first data center REIT, positioning it as a key player in AI infrastructure.