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Hut 8 Corp. T.HUT


Primary Symbol: HUT

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.


NDAQ:HUT - Post by User

Post by swheon Apr 15, 2021 4:23pm
216 Views
Post# 33005127

Risky yes, but why are we in this?

Risky yes, but why are we in this?Here are a few facts.  Some bit coin miners rose 5 to 8,000% while bitcoin went up 900%.  Look at RIOT.  Here is  a good story and graph to take a look at: https://www.cnbc.com/2021/03/21/a-risky-bitcoin-buy-in-bigger-bull-market-than-the-cryptocurrency-.html  

HUT has actually only gone up around 900% during the bitcoin runup.  It actually tracked bitcoin.  No leverage here.  So, what do we take from that.  I think we can say that while Bitcoin miners are risky, HUT is less risky than some.  Sure we dropped a bit (while bitcoin actually increased), so if anything we are due for an increase.  One could easily assume that HUT is undervalued to some of the higher flying BTC miners (when looking at how much leverage we actually achieved.)

Another reason why i am staying with HUT.  We will be rewarded soon.  Go HUT !! 
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