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CoinNetwork

Crypto news from Cointelegraph: Benchmark has raised Hut 8’s price target to $165. Benchmark said Hut 8’s Beacon Point project will transform the company into an AI infrastructure platform with long-term growth potential.

HUT-1.46%
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RugcheckRoommate
· 11h ago
With this benchmark research report released, HUT should see some movement after hours; we still need to keep an eye on Beacon Point’s specific implementation progress.
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DaoDoorKeeper
· 11h ago
A $165 target price—based on the current stock price, it’s more than double. If institutions are willing to give this number, it means they’ve got the transition story across.
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NotYourExitLP
· 11h ago
Hut 8’s AI infrastructure transition is kind of interesting this round. If mining companies are switching to selling computing power rentals, is the $165 target too conservative?
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MoonlightDisconnectSwitch
· 12h ago
Mining stocks become AI stocks; the valuation logic is completely different now. In the long run, there is indeed more room for imagination than pure mining.
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