Hut 8 Corp HUT

Alternate Symbol(s): T.HUT

Technology Software - Application

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

Hut 8 Corp > Share Consolidation

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Post by carterZ21on Dec 06, 2023 8:57pm

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Post# 35772208

Share Consolidation

I really do not care for these share consolidations. They almost always result in a significant depreciation in share price. HUT is yet another example. Given the upside move in BTC, HUT should have moved to $18.00 per share. I sold my entire position post-merger. This stock will continue to lag other miners in the BTC run higher. I believe other miners are better investments. GLTA.

Carter

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