[Benchmark Raises Hut 8 Target Price by Another 18%, Optimistic About Its 'Power-First' Data Center Model] According to The Block, Benchmark has raised Hut 8's target price from $165 to $195 after the company's Beacon Point AI campus in Texas became fully commercialized. This marks the second time this month that Benchmark has increased Hut 8's target price—last week, it was raised from $85 to $165. Hut 8's stock price was approximately $111 on Wednesday, with a year-to-date increase of nearly 120%. The new target price suggests about 75% upside potential. On Monday, Hut 8 announced the signing of a second 15-year lease agreement worth $9.8 billion with an existing tenant at the campus, doubling Beacon Point's contracted capacity to 704 MW and bringing the total contract value of the 1GW campus to $19.6 billion.