Core Viewpoint - Hut8 has seen a significant increase in stock price, rising over 5% on Tuesday and accumulating a 37% increase over three trading days, currently priced at $52.90. This surge is attributed to an upgrade in target price by StoneX's Benchmark to $85, the highest on Wall Street [1] Group 1: Company Performance - Hut8's stock price has increased by over 5% on Tuesday and 37% over the last three trading days, reaching $52.90 [1] - The target price for Hut8 has been raised to $85 by Benchmark, marking the highest target on Wall Street [1] Group 2: Strategic Developments - The price upgrade is linked to Hut8's recent agreement to lease its River Bend data center's 245 MW capacity to Fluidstack for a 15-year term [1] - Analyst Mark Palmer highlighted that this transaction features superior economic terms compared to similar deals, providing long-term investment-grade guaranteed cash flow [1] Group 3: Market Position - Hut8 is positioned as one of the most advantageous providers of AI/high-performance computing infrastructure in the public market, supported by embedded expansion options across three counterparties: Anthropic, Fluidstack, and Google [1]

Core Viewpoint - Hut8 has seen a significant increase in stock price, rising over 5% on Tuesday and accumulating a 37% increase over three trading days, currently priced at $52.90. This surge is attributed to an upgrade in target price by StoneX's Benchmark to $85, the highest on Wall Street [1] Group 1 - The upgrade in target price is based on Hut8's recent agreement to lease its River Bend data center's 245 MW capacity to Fluidstack for a 15-year term [1] - Analyst Mark Palmer highlighted that this transaction features superior economic terms compared to similar deals, providing long-term, investment-grade guaranteed cash flow [1] - The deal includes embedded expansion options across three counterparties: Anthropic, Fluidstack, and Google (GOOGL.US), positioning Hut8 as one of the most advantageous providers of AI/high-performance computing infrastructure in the public market [1]

Core Viewpoint - Hut 8's stock price surged significantly, rising by 19% at one point and closing up 14.21% at $50.39, following Benchmark's upgrade of its target price to $85, the highest on Wall Street [1] Group 1: Company Developments - Hut 8 recently secured a 15-year lease agreement to rent its River Bend data park's 245 megawatt capacity to Fluidstack, which is a key factor in the stock price increase [1] - Analyst Mark Palmer highlighted that the deal features superior economic terms compared to similar transactions, providing long-term, investment-grade guaranteed cash flow, and multiple embedded expansion options across three counterparties: Anthropic, Fluidstack, and Google [1] Group 2: Valuation and Ratings - Benchmark's initial valuation of the 245 megawatt River Bend portion is approximately $7.6 billion, reflecting the scarcity value of contract cash flows and investment-grade rated power resources suitable for artificial intelligence [2] - Palmer reiterated a "buy" rating for Hut 8 and raised the target price from $78 to $85 based on a classified aggregate valuation analysis [2]