BlockBeats News, February 27 — Benchmark reiterates a “Buy” rating for Hut 8 with a target price of $85, noting that as the company advances its AI data center strategy, management is positioning 2026 as the “execution and delivery” year.
Benchmark analyst Mark Palmer stated in the report that although Q4 results were affected by unrealized Bitcoin losses, the more important development is Hut 8’s steady transformation into a “power-first digital infrastructure platform,” which provides a clearer long-term contract cash flow outlook.
Hut 8 reported a net loss of $301.8 million in Q4, mainly due to $401.9 million in unrealized digital asset losses. As computing power revenue grows, revenue nearly tripled year-over-year to $88.5 million.
Palmer continued to view the 15-year, 245 MW IT leasing agreement with River Bend and Fluidstack as the core of the investment thesis. The agreement, supported by Google Finance, along with a roughly $7 billion foundational term agreement, is driving Hut 8’s valuation closer to infrastructure multiples.
Benchmark’s $85 target price is based on a sum-of-the-parts analysis, including River Bend leasing, probabilistic valuation of an additional 1,000 MW under the priority offer rights, the market value of Hut 8’s 60% stake in American Bitcoin, and its Bitcoin holdings.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Swedish-listed company H100 plans to increase Bitcoin holdings from 1,051 to 3,501
Gate News: On March 23, according to an official announcement, Sweden-listed Bitcoin treasury company H100 Group AB has signed a strategic acquisition letter of intent with shareholders of Norwegian companies Moonshot AS and Never Say Die AS. Upon completion of the transaction, H100's Bitcoin holdings are expected to increase from the current 1,051 BTC to approximately 3,501 BTC, an increase of approximately 2,450 BTC.
GateNews2m ago
Capital B increases position by 44 BTC, total holdings rise to 2,888 BTC
Gate News: On March 23, according to an official announcement, European Bitcoin treasury company Capital B completed a new round of BTC accumulation, purchasing 44 BTC at a price of approximately 2.7 million euros. Following this purchase, Capital B's total BTC holdings increased to 2,888 BTC.
GateNews2m ago
MICA Daily | Why Have Stocks Fallen While Crypto Has Risen Recently? Analyzing the Truth Behind the Decoupling
Since October 2025, the positive correlation between Bitcoin and the S&P 500 Index has significantly weakened, entering a decoupling phase. This change stems from large-scale liquidation events, depressed market liquidity, and reduced risk appetite among traders. Meanwhile, ETF outflows and geopolitical tensions have also impacted Bitcoin's performance, demonstrating that its potential as a safe-haven asset is gradually increasing as deleveraging comes to an end.
区块客6m ago
Bitcoin Rebound Timeline Exposed: Scaramucci Says Q4 May Launch New Bull Market, $1 Million Target Unchanged
Under geopolitical risks and macroeconomic pressures, Bitcoin's price has broken below $68,000. Anthony Scaramucci, founder of SkyBridge Capital, believes this represents a typical cyclical pullback and anticipates Bitcoin may rally again in 2026. Despite short-term market risks, long-term bullish sentiment remains solid.
GateNews7m ago
Bitcoin Potentially Dips to $62,000? Mega Whales Counter-Trend Accumulation Hits One-Year High, Long-Short Battle Intensifies
Bitcoin broke below the head and shoulders neckline on March 23rd, with prices sliding to around $68,100. The downside target is expected at $62,200. Despite coin holders increasing positions and RSI forming a divergence signal, the market is still facing selling pressure. $69,500 serves as a key support level, and future trends will depend on the battle over key price levels.
GateNews10m ago
Gold Plunges to Worst Record Since 1983, Funds May Turn to Bitcoin and Other Assets Amid Liquidity Crisis
On March 23rd, the gold market experienced severe selling pressure, posting its worst week since 1983, prompting investors to reassess safe-haven assets. Analysis indicates that the gold price decline stems from concentrated position liquidation, with market drivers shifting toward liquidity prioritization. Rising bond yields have also triggered cross-asset selling, as institutional investors begin turning toward private markets and digital assets. The gold decline demonstrates that asset pricing mechanisms are changing in a liquidity-driven environment.
GateNews13m ago
