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Hut 8 Corp HUT

Alternate Symbol(s):  T.HUT

Hut 8 Corp. is a data mining company. The Company is a vertically integrated operator of large-scale energy infrastructure and bitcoin miner. The Company acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads, such as bitcoin mining, high performance computing, and artificial intelligence (AI). The Company operates through four business segments: Digital Assets Mining, Managed Services, High Performance Computing-Colocation and Cloud, and Other. Its infrastructure portfolio includes about eighteen sites: nine Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, Nebraska, and Texas, five high performance computing data centers in British Columbia and Ontario, and four power generation assets in Ontario. Its Managed Services business provides institutional partners such as digital asset mining site owners, governments, and data center developers an end-to-end partnership model for energy infrastructure development.


NDAQ:HUT - Post by User

Comment by joecanceron Feb 20, 2021 9:43am
224 Views
Post# 32618157

RE:From the Baystreetbets board.....or Reddit?.... Hut 8 Mining

RE:From the Baystreetbets board.....or Reddit?.... Hut 8 MiningGreat article.  Makes me want to put even more into Hut8.  The only thing I don't get is - he talks about how miner stock prices will eventually plummet when the bull run ends.  I understand why that would be the case for miners like Riot and Mara, but why would that be the case for Hut8 if they are holding so many bitcoin?  Obviously, the price would go down somewhat, but I would think all of that bitcoin would keep their price from plummeting unless the price of bitcoin plummets too.  From what I've read, the next bear market might see bitcoin prices stablize rather than plummet since there will be so much institutional money in it.  Which I would think would make Hut8 not just a great short-term buy, but a long-term hold.  Thoughts?
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