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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

Post by swheon Apr 15, 2021 4:23pm
228 Views
Post# 33005127

Risky yes, but why are we in this?

Risky yes, but why are we in this?Here are a few facts.  Some bit coin miners rose 5 to 8,000% while bitcoin went up 900%.  Look at RIOT.  Here is  a good story and graph to take a look at: https://www.cnbc.com/2021/03/21/a-risky-bitcoin-buy-in-bigger-bull-market-than-the-cryptocurrency-.html  

HUT has actually only gone up around 900% during the bitcoin runup.  It actually tracked bitcoin.  No leverage here.  So, what do we take from that.  I think we can say that while Bitcoin miners are risky, HUT is less risky than some.  Sure we dropped a bit (while bitcoin actually increased), so if anything we are due for an increase.  One could easily assume that HUT is undervalued to some of the higher flying BTC miners (when looking at how much leverage we actually achieved.)

Another reason why i am staying with HUT.  We will be rewarded soon.  Go HUT !! 
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