Benchmark重申对Hut8的「买入」评级及85美元目标价

BTC0,39%

BlockBeats 消息,2 月 27 日,Benchmark 重申对 Hut 8 的「买入」评级及 85 美元目标价,指出随着公司推进 AI 数据中心战略,管理层将 2026 年定位为「执行与交付」之年。

Benchmark 分析师 Mark Palmer 在报告中指出,第四季度业绩虽受比特币未实现亏损影响,但更关键的是 Hut 8 正稳步转型为「电力优先的数字基础设施平台」,获得更清晰的长期合约现金流路径。

Hut 8 第四季度净亏损 3.018 亿美元,主要源于 4.019 亿美元的数字资产未实现亏损。随着算力收入增长,营收同比近翻三倍至 8,850 万美元。

Palmer 继续将 River Bend 与 Fluidstack 签订的 15 年 245 兆瓦 IT 租赁协议视为投资逻辑核心,该协议获 Google 财务支持,约 70 亿美元的基础期限协议推动 Hut 8 估值向基础设施类倍数靠拢。

Benchmark 的 85 美元目标价基于分部加总分析,包括 River Bend 租赁、优先要约权项下额外 1,000 兆瓦的概率加权估值、Hut 8 持有的 American Bitcoin 60% 股份市值及其比特币持仓。

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