Hut 8 Corp HUT

Alternate Symbol(s): T.HUT

Financial Services Cryptocurrency

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

Hut 8 Corp

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Comment by RetiringYoungon Apr 26, 2018 4:41pm

154 Views

Post# 27946825

RE:New article out

LeadersLane wrote: Hut 8 seems to be ready to break on out.

Article link

https://equitygrades.com/2018/04/26/hut-8-bitfury-backed-portable-cryptomining/

"Hut 8 also have the benefit of being able to pay for part of the Blackboxes $~2M sticker price in Hut 8 shares (800,000 shares and $1.2M in Cash), which highlights Bitfury’s commitment to Hut 8."

So Hut 8 has the "benefit" of paying of paying $1.2M in cash plus (800,000 shares x current $4.40/sh = $3.5M for a total of $4.3M) for a Blackbox valued at $~2M?

Why would you pay more than twice what it's worth when you have a ton of money in treasury? Sounds more like Bitfury is runnng the show, not Hut 8

I like the modular and moveable data centres though, cool idea

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