BlockBeats News, February 27 — Benchmark reiterates a “Buy” rating for Hut 8 with a target price of $85, noting that as the company advances its AI data center strategy, management is positioning 2026 as the “execution and delivery” year.
Benchmark analyst Mark Palmer stated in the report that although Q4 results were affected by unrealized Bitcoin losses, the more important development is Hut 8’s steady transformation into a “power-first digital infrastructure platform,” which provides a clearer long-term contract cash flow outlook.
Hut 8 reported a net loss of $301.8 million in Q4, mainly due to $401.9 million in unrealized digital asset losses. As computing power revenue grows, revenue nearly tripled year-over-year to $88.5 million.
Palmer continued to view the 15-year, 245 MW IT leasing agreement with River Bend and Fluidstack as the core of the investment thesis. The agreement, supported by Google Finance, along with a roughly $7 billion foundational term agreement, is driving Hut 8’s valuation closer to infrastructure multiples.
Benchmark’s $85 target price is based on a sum-of-the-parts analysis, including River Bend leasing, probabilistic valuation of an additional 1,000 MW under the priority offer rights, the market value of Hut 8’s 60% stake in American Bitcoin, and its Bitcoin holdings.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC Trades At $69,612 As Fidelity Investments Makes Massive $83 Million Bitcoin Purchase, Fueling...
Fidelity Investments' recent purchase of $83 million in Bitcoin highlights growing institutional confidence in the cryptocurrency. This move comes amid Bitcoin's consolidation phase, indicating strong demand and resilience despite market challenges.
BlockChainReporter5m ago
Bitcoin, Ethereum, and Solana ETFs Report Mixed Flow Data on March 26
Gate News bot message, according to the March 26 update, Bitcoin ETFs recorded a 1-day net inflow of +86 BTC (+$5.92M), while showing a 7-day net outflow of -898 BTC (-$61.97M). Ethereum ETFs experienced a 1-day net outflow of -4,439 ETH (-$9.17M) and a 7-day net outflow of -121,318 ETH (-$250.64M).
GateNews28m ago
James Wynn 40x "Ant Wallet" shorting Bitcoin, liquidation price at $70,270.83
BlockBeats News, March 26 — According to Lookonchain monitoring, James Wynn shorted Bitcoin with 40x leverage on "Ant Wallet" 30 minutes ago, with a liquidation price of $70,270.83.
BlockBeatNews34m ago
Trader James Wynn Opens Fourth 40x Leverage Bitcoin Short Position
Gate News bot message, James Wynn (@JamesWynnReal) opened another 40x short position on Bitcoin approximately 30 minutes ago, with a liquidation price set at $70,270.83.
According to Lookonchain's previous report on March 26, James Wynn has used up to 40x leverage to short Bitcoin three times in th
GateNews43m ago
CryptoQuant Analyst: Bitcoin long-term holders' SOPR indicator drops below 1, diamond hands are capitulating at a loss
CryptoQuant analyst nino pointed out that the Bitcoin long-term holder SOPR indicator recently fell below 1.0, indicating that many investors holding coins for over 155 days are facing losses and selling off. The market may be entering a "capitulation" phase. This reflects that even long-term investors are struggling to withstand current price pressures, signaling a significant shift in market conditions.
動區BlockTempo44m ago
