Hut 8 Corp HUT

Hut 8 Mining Partners With Validus Power To Develop Low Cost

[AwareInvestor]

Hut 8 Mining is looking for creative ways in which it can bring down its operating costs for its Bitcoin mining operations. The company this morning announced that it has entered into exclusive partnership discussions with that of Validus Power Corp, an energy developer focused on low cost power.

https://thedeepdive.ca/hut-8-mining-partners-with-validus-power-to-develop-low-cost-bitcoin-mining-solutions/

[frankgorshin]

Natural gas generator from what i can deduce .

[SuperBitCo]

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[Rejean1]

..." The partners are exploring the co-development of an industrial scale energy generation platform that would take full advantage of the proprietary technologies and expertise of both companies. Together, Hut 8 and Validus believe they will be able to support and advance long-term ESG objectives while delivering financial innovation and positive overall outcomes" Sounds to me like HUT

[dload7]

How much will be invested in the ESG R&D ?   

[deedee13579]

Should be less expensive than Bitfury's R&D ... :-)

[Rejean1]

I have no idea....but hopefully the investments will be rewarded with lower operating costs, and possibly a nice $$ return on investments if  the products they are working on,  turn out to be  new, improved, exclusive, or revolutionary products or processes. No point in spending on these ventures unless Hut sees a benefit for their bottom line. Only my novice opinion.