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

Bullboard Posts

Comment by GranCruon Jul 19, 2019 9:06am

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Post# 29938932

RE:RE:RE:RE:here we go

Unless you are a day trader I wouldn't worry to much about it, the quarter over quarter growth in revenu in 2019 is going to turn eyes for sure at the end of Q3 if BTC prices can stay at these prices, so far in Q3 we have an average of about 11 000 USD and with the spike in prices it gives HUT the opportunity to sell bitcoin at a bigger profit to cover production cost.

gasguzzler wrote: I will admit I am perplexed as I paid 2.20 early June while bitcoin was 8k.
I also heard Andrew on a podcast that the correlation between Hut share price and bitcoin is over 80 percent.
So while I did notice a big dump today at around 2.35 which brought it down to 2.12....I find myself looking at 2.20 a share with 10500 bitcoin.
I would have thought bitcoin up 2500 would have given me some price appreciation but with an entity owning 40 000 000 plus shares....I guess they decide when this goes up.
As I have said before....bitcoin at 20000 will hopefully take care of this nuisance.
We need the company to get the word out but some will say that it may be a waste of money until more eyeballs are back at work in September.
I already own more than I should so I have to watch from the sidelines.
Mildly frustrated but good luck to all