Benchmark analysts believe investors are undervaluing Hut 8’s partnership with Anthropic, which signed a lease worth up to $17.7 billion. Hut 8’s stock price surged over 14% on Monday following positive analyst commentary, with a target price of $85 per share. The deal with Anthropic and Fluidstack could deliver significant returns, with Google providing financial support.

It’s worth noting that Hut 8 wasn’t among the 10 best stocks identified by The Motley Fool Stock Advisor team. The top 10 stocks recommended by the analysts have historically generated substantial returns, outperforming the S&P 500 by a wide margin. Investors are encouraged to explore other investment opportunities based on historical performance data.

Read more at Nasdaq: Why Hut 8 Stock Soared Today