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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

Comment by Edcandoon Nov 29, 2022 7:56pm
298 Views
Post# 35138306

RE:Cashflow concerns

RE:Cashflow concernsI don't know if you're missing anything or not but I do have one observation. Since they alrwady have approval for that raise nothing says they'd have to  sell 50 mil shares at this price (or any price all at once). So assuming your math ia correct on how long they have cash for (they do have other revs us so I'm only just assuming your math is right) they still don't need to raise $75-$90 million all at once (with it's included sell pressure) . They could just as easily (more easily less pressure) sell only as many as they feel they need to in immediate future. They also don't have to sell into the bids meaning who knows what sell pressure at any point. Time will tell what happens.  
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