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Benchmark Sees Hut 8 as Hybrid AI–Bitcoin Power Play, Price Target Doubled to $78

The Wall Street broker said Hut 8’s shift to energy infrastructure from bitcoin mining makes it a unique bet on AI, HPC and future power-hungry technologies.

By Will Canny, AI Boost|Edited by Sheldon Reback

Updated Oct 28, 2025, 3:11 p.m. Published Oct 28, 2025, 12:03 p.m.

Hut 8 plant — Benchmark sees Hut 8 as hybrid AI–bitcoin power play, target hiked over 100% to $78. (Hut 8, modified by CoinDesk)