Hut 8's AI data center agreement stands out.

Benchmark Raises Prediction for Hut 8 Analyst

Hut 8's $7 billion and 15-year leasing agreement with Fluidstack underscores the company's transition to corporate-level digital infrastructure. Analyst Mark Palmer indicates that this agreement is just the beginning.

Palmer stated that with the payment guarantees provided by Google and the expansion/renewal options, the potential contract value could rise to approximately $17.7 billion.

Palmer revised his price target for Hut 8 from $78 to $85 and reiterated his buy recommendation for the stocks. This situation is seen as a positive signal for investors.