The AI Pivot Payoff: Hut 8's Double Edged Success Benchmark has nearly doubled its price target on Hut 8 Corp. 's stock to $165 US, citing the company's successful pivot to artificial intelligence (AI) data centres.
This transformation from a Bitcoin miner to an AI infrastructure developer has significantly increased Hut 8's valuation, according to Benchmark.
The price target boost raises questions about the future of crypto mining.