Hut 8 Corp. HUT

Alternate Symbol(s): T.HUT

Technology Software - Application

Hut 8 Corp. is a data mining company. The Company provides the infrastructure and solutions in the global technology ecosystem. The Company is engaged in Bitcoin mining and hosting, managed services, energy arbitrage, operating traditional data centers, and utilizing emerging technologies, such as artificial intelligence (AI) and machine learning. It operates computing infrastructure across its sites that mines Bitcoin and delivers cloud, colocation, and high performance computing services to its enterprise customers. Its infrastructure portfolio includes about eleven sites: five high performance computing data centers across British Columbia and Ontario that offer cloud, co-location, AI, machine learning, and visual effects (VFX) rendering computing solutions, and six Bitcoin mining, hosting, and managed services sites located in Alberta, New York, Nebraska, and Texas. The Company’s infrastructure and networking capabilities support customers complex workloads and computing needs.

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Hut 8 Corp. > By The Numbers: Bitcoin Miners Are Burning Cash On Each Coin

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Post by AwareInvestoron Nov 23, 2022 3:47pm

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Post# 35123132

By The Numbers: Bitcoin Miners Are Burning Cash On Each Coin

The trouble with bitcoin, is that it doesn’t make economical sense to mine it.

With the falling price of the flagship digital currency, tough times are falling on public bitcoin miners. The most recent round of financials demonstrates this, along with certain events in the space that have further highlighted the struggle facing such operators.

https://thedeepdive.ca/by-the-numbers-bitcoin-miners-are-burning-cash-on-each-coin-mined/

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