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.

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Hut 8 Corp

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Comment by Johnny0081on Nov 12, 2020 8:24am

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Post# 31883744

RE:RE:RE:Financials tomorrow

Financials are expecting using the old hardware but with the current bitcoin price 50% higher they are in profit with mining with old hardware. Now with the new hardware costs will drop significantly and they can continue to save bitcoin. They still hold over 2800 so they managed well and can enjoy the rise to ath. I like they are taking some revenue for hosting.

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