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 Moogulon Feb 05, 2020 10:37am

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Post# 30645654

RE:RE:RE:RE:RE:RE:RE:100 Days Left...

Won't the halving be bad for HUT... unless the price of BTC responds significantly they will get less btc for the same job which equals lower margins. Also their q4 numbers will show a loss due to the revaluation of its BTC inventory from end sept to YE. My isssue with hut is that they have to be profitable when btcjust moves side ways or maybe even a bit down and we have yet to see that. I want positive earnings too... depreciation is a real expense in this business as well as paying interest in all the debt.

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