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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 11, 2020 9:33pm
64 Views
Post# 30677708

RE:RE:RE:RE:Q4 estimates

RE:RE:RE:RE:Q4 estimatesLol this is going to be fun... All of my points will be direct quotes from last quarterly results. Just Becuase they mine that many bitcoin doesn't mean they RETAIN that many bitcoin. They have to pay for their operating costs in dollars... 
  • Increased Retained Bitcoin inventory by 7.6% from the prior quarter to 3,496 bitcoin.
So can you do your own "DD"? That would mean they only retained 246 btc of the 1965 btc they mined in the quarter... The remainder were sold to cover various expenses.

Now moving on to your comment stating "mining difficulty only increased by 20% in the last 6 months"... 

"The Company faced industry headwinds during the quarter as the bitcoin price dropped by 30% and the network difficulty rate increased by 61%, which both negatively affected Mining Profit Margins."

Note the 61% comment... I think that's a lot more then 20%... 
 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities