Hut 8 Corp. (NASDAQ:HUT) surged 14.21% on Monday to close at $50.39 per share after receiving positive coverage and a higher price target from Benchmark. The firm upgraded HUT to a “buy” rating and raised the price target to $85, citing a newly signed $7 billion data center deal. Benchmark expects the deal to generate $7.6 billion in cash flow for Hut 8’s 245 MW River Bend campus.

Read more at Yahoo Finance: Hut 8 (HUT) Jumps 14% on Bullish Rating, PT