Benchmark is bullish on Hut 8: target price raised to $85, mining company shifts towards institutional-grade infrastructure.

2025-12-22 14:40:19

[Coin World] Wall Street brokerage firm Benchmark has just released its latest research report on Bitcoin mining company Hut 8, maintaining a “buy” position and raising the target price from $77 directly to $85. What does this mean? Compared to last Friday's Closing Price of $44.12, this represents a 93% rise potential.

Analyst Mark Palmer pointed out that the key turning point is here – Hut 8 has just finalized a major contract with Google-backed Fluidstack. A $7 billion, 15-year lease agreement for the River Bend data center is no small deal. This transaction reflects a significant adjustment in Hut 8's strategy: transitioning from pure cryptocurrency mining to an institutional-grade digital infrastructure platform.

In simple terms, this mining company is playing a bigger game. It's not just about mining profits, but rather wanting to become an infrastructure provider that supports enterprise-level applications. The upgrade in Benchmark's rating is, to some extent, an acknowledgment of this transformation direction.

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HashRateHustler

· 12-23 03:59

Huh? Jumping straight from 77 to 85, this target price rise is a bit aggressive, feels like we're about to be played for suckers again. By the way, Hut 8's move is indeed good, with a 7 billion contract in play, the path of mining companies focusing on infrastructure is becoming clearer. However, a 93% rise sounds great, but can it really be realized... let's wait and see. Wait a minute, I haven't heard about Google endorsing Fluidstack. Does anyone know about it? Mining turning into infrastructure, I like this logic, but whether the market will accept it is still a question mark. Benchmark's operation seems to be calling for this direction; institutional-level infrastructure is indeed a hot trend. From 44 bucks to 85 bucks... how great would it have been if I had gotten in earlier, but now I'm still observing.

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DaisyUnicorn

· 12-22 15:07

A contract worth 7 billion dollars, this flower has finally bloomed with an enterprise-level fragrance. The mining brothers should evolve into an infrastructure garden.

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RugpullAlertOfficer

· 12-22 14:59

Huh? A 93% rise potential, Benchmark is painting a picture again, but I don't believe it anymore. A $7 billion protocol sounds impressive, but can this move towards infrastructure really materialize? It feels like the same old rhetoric. If Hut 8 can truly succeed in pivoting from Mining, that would be the story, but it's still early. Mark Palmer is out again with his hype, an inflated target price is a standard operation. This data center leasing sounds a bit more reliable, but is locking in a 15-year contract really worth it? The risks are sky-high.

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GasGuru

· 12-22 14:57

93% rise potential? Sounds great, but how many suckers have to run alongside from 44 bucks to 85 bucks? --- 7 billion dollars 15-year contract, Google is really willing to spend money, Hut 8 has transformed from a Mining dealer to enterprise-level infrastructure, quite a big change. --- Haha, it's all institutional level and strategic adjustments, feels like analysts have to come up with a story every time before a price rise. --- This buy signal seems a bit late, the target price rises as soon as the research report is released, are there still people who haven't entered? --- River Bend data center sounds pretty solid, but is Hut 8 reliable? We need to see how they operate later. --- From pure Mining to infrastructure, I recognize this transformation logic, but how come nobody shouted when it was 44 bucks? --- Is 85 dollars a ceiling or a starting point? It still depends on how Bitcoin's price moves, can't fully trust this research report.

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SelfStaking

· 12-22 14:43

93% rise? To be honest, I find it a bit hard to believe. It feels like yet another prelude to playing people for suckers. Hut 8's move is indeed significant, but whether they can really reap the benefits of institutional-level infrastructure remains to be seen. A $7 billion protocol sounds impressive, but the key is whether they can deliver on time. Transitioning from Mining to infrastructure sounds easy, but it’s really not that simple. I’m just waiting to be proven wrong. A price increase like Benchmark often signals an escape? I've learned to operate in reverse.

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