News linked to both this project and an event.
Odaily Benchmark has raised its price target for Hut 8 (HUT) from $85 to $165, citing the company's accelerated commercialization of its AI data center business and a total of $16.8 billion in long-term contracts for AI infrastructure. Analyst Mark Palmer stated that the commercialization progress of Hut 8's Beacon Point AI data center campus in Texas "has changed the company's valuation logic," significantly increasing the project's value.Currently, Hut 8's stock price is approximately $97, meaning Benchmark's new target implies roughly 69% upside. The stock had previously fallen nearly 30% over the past six weeks.According to Benchmark's estimates, the redesigned first phase of the Beacon Point campus will support 352MW of IT capacity, a 57% increase from the original 224MW plan. The base term value of the lease for this initial phase is approximately $9.8 billion, with an estimated annualized net operating income of around $655 million.Additionally, the lease agreement for Hut 8's River Bend data center, signed with Fluidstack and supported by Google, is valued at approximately $7 billion. The combined base term value of the two contracts reaches $16.8 billion. If tenants exercise the included 5-year renewal options, the potential total value could rise to $42.8 billion. (The Block)
ZachXBT posted on X platform, stating that the wallet (0xf09c) of the LAB lending contract borrower is the same wallet used for public buybacks, and the funds have flowed to an exchange suspected to be personally controlled by Vova. Since January 2026, co-founder Mark has publicly sought OTC buyers, offering loans with a 5% monthly interest, as well as OTC parcels with a 60% discount and a 5-month lock-up period.The funding source for the LAB team's multi-signature signer address (0xcEA...eBC9) is linked to an insider involved in the RIVER manipulation incident. This insider had previously received over $12 million worth of RIVER tokens to two CEX deposit addresses. Between March and April, the insider deposited 226 million LAB tokens to Bitget, and recently withdrew 100 million tokens. An unknown market maker may be operating through Chinese exchanges.He pointed out that the team, market makers, and OTC buyers possess inside information, placing retail investors at a disadvantage. He called on Bitget, Binance, and Gate.io to freeze the profits obtained by insiders and redistribute them to users.