Hut 8 Mining p(US:HUT) Yahoo Finance·2025-12-23 16:44Core Viewpoint - Hut 8 Corp. has shown significant stock performance improvement, driven by a bullish recommendation and a price target increase from an investment firm, indicating strong market confidence in the company's future prospects [1][2]. Group 1: Stock Performance - Hut 8 Corp. experienced a stock price increase of 14.21%, closing at $50.39 after two consecutive days of gains [1]. - The investment firm Benchmark raised its price target for Hut 8 by 8.9% from $78 to $85, suggesting a 69% upside potential from the latest closing price [2]. Group 2: Business Transformation - The upgrade in Hut 8's stock rating is attributed to a newly signed $7 billion data center deal, which is expected to facilitate the company's transition from a crypto-focused business to one that services AI and high-performance computing [3]. - Benchmark highlighted that the deal offers superior economics compared to peer transactions, with long-term, investment-grade cash flows and expansion options involving three counterparties: Anthropic, Fluidstack, and Google [4]. Group 3: Financial Projections - Benchmark anticipates that Hut 8's cash flow and power demand for its 245 MW River Bend data center campus will reach $7.6 billion [5].