In a report released yesterday, Matthew Galinko from Maxim Group reiterated a Buy rating on Hut 8, with a price target of $135.00.
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Matthew Galinko has given his Buy rating due to a combination of factors, including Hut 8’s rapid transition from a pure-play Bitcoin miner to a diversified digital infrastructure platform. He highlights that the company’s long‑term AI datacenter leases, particularly River Bend and Beacon Point, are positioned to deliver substantial, recurring net operating income starting in 2027, supporting a more predictable earnings profile.
He also notes that Hut 8’s sizeable development pipeline, sizable equity stake in American Bitcoin Corp., and strong balance sheet collectively underpin significant upside potential. Based on a sum‑of‑the‑parts valuation that attributes considerable value to the AI infrastructure business, digital asset holdings, and related compute operations, he increases his 12‑month price target to $135 and maintains a Buy recommendation.
In another report released yesterday, Rosenblatt Securities also reiterated a Buy rating on the stock with a $124.00 price target.