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Bullboard - Stock Discussion Forum 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... see more

NDAQ:HUT - Post Discussion

Hut 8 Corp > Actual footage of Nasdaq meeting
View:
Post by CannaBaked on Apr 09, 2021 9:20am

Actual footage of Nasdaq meeting

Comment by bufordpusser on Apr 09, 2021 10:38am
hut won't get uplisted, they only meet one of the requirements.
Comment by dload7 on Apr 09, 2021 11:05am
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/ Quotes: " The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies. "
Comment by bufordpusser on Apr 09, 2021 11:12am
Accumulated deficit           (115,549,069) This doesn't look very well on the company's balance sheet.
Comment by dload7 on Apr 09, 2021 11:18am
Someone did talk about it @  https://stockhouse.com/companies/bullboard/t.hut/hut-8-mining-corp?postid=32914047
Comment by bufordpusser on Apr 09, 2021 11:26am
Accumulated deficit are shareholder losses since the company was formed. 115 million is a lot of cash, think about it.
Comment by joecancer on Apr 09, 2021 11:32am
Here we go again with the accumulated deficit FUD.  It's irrelevant!  Hut qualifies.  Stop spreading garbage.
Comment by bufordpusser on Apr 09, 2021 4:03pm
I don't see hodled Bitcoin as being allowed to be part of hut shareholders equity. Until they are transferred into cash and put on the books as such, Bitcoins are are a speculative asset.
Comment by joecancer on Apr 09, 2021 4:04pm
Are you an accountant?
Comment by bufordpusser on Apr 09, 2021 4:14pm
Would your banker accept a Bitcoin as collateral or consider part of your equity if you wanted a loan to buy a house? sec has to protect investors from worse case scenerios. holding bitcoin may seem like a good idea until it isn't.
Comment by gvixid on Apr 09, 2021 5:25pm
Joe, I agree with your assessment that Hut meets the criteria for nasdaq. However, the level of secrecy from management is what gives me pause. My concern now is that the shareholder base is hanging on based solely on an uplisting soon. Should that not materialize, for whatever reason, the share price is going to plummet hard. Let's hope Hut got all their ducks in a roe to ensure approval for ...more  
Comment by joecancer on Apr 10, 2021 9:28am
Agreed. Although to be honest, I think the secrecy is actually a good sign. The only thing I didn't like was the constant tweeting about uplisting news "soon" a couple months ago.  I think they learned their lesson from that.
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