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Hut 8 Data-Center Deal is Seen as Transformative -- Market Talk

Dow Jones
3 hours ago

1325 ET - Hut 8's new AI and high‑performance computing deal at its River Bend site marks a major shift in the company's strategy, says Mark Palmer of Benchmark, noting that it transforms the company from crypto‑focused power owner to a broader digital infrastructure platform. The agreement stands out because of its strong economics, long‑term cash flow support, and the involvement of Anthropic, Fluidstack, and Google, Palmer says. Benchmark values this first phase at roughly $7.6 billion and raises its price target on HUT to $85 from $78, backed by the River Bend lease, potential future expansion of up to 1,000 megawatts, Hut 8's stake in American Bitcoin Corp., as well as its own bitcoin holdings. Hut 8 surges 17% to $51.86. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

December 22, 2025 13:25 ET (18:25 GMT)

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