Hut 8 Corp HUT

Alternate Symbol(s): T.HUT

Technology Software - Application

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 Cremonaon Aug 12, 2018 6:29pm

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Post# 28447253

RE:Hut mining estimate

Thanks for your post Rankinlinlet!

If I am reading this right, at the very end you calculate an earnings per share of .59 Canadian.

Then you times that by 4 to come up with a share price of 2.38 or 2.36. either way.

I think a multiple of 4 is off. The current average price to earnings ratio on the TSE is 22.

So .59 Canadian earnings per share, times 22 equals a predicted share price of...... hard to believe...... but it is true.....$12.98 Canadian......

The hash rate seems to be the killer, as it has been going up and up and up making it harder to mine, and so these predictions are very much a moving target that literally change every day. The CEO back in April is on the record saying between 40-45 bitcloin per day..... you are suggesting 28.5 bitcoin per day...(57 blocks producing .5 per day each = 28.5) I think that is very reasonable.

I think it is entirely reasonable for this to be a TEN Dollar Canadian stock.....

I would appreciate comment.

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