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Hut 8 Corp HUT

Alternate Symbol(s):  T.HUT

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

Post by tcbmillon Dec 27, 2020 3:31pm
280 Views
Post# 32185664

hardware limitations?

hardware limitations?Any insights on this?since there are  huge waiting times on mining hardware/chips,my understanding is that HUT won't be expanding it's hashrate much if at all for 2021.Again, my understanding is that BITFURY,who was kind of a partner and the supplier of the mining hardware to HUT,and owned 38% of hut shares, has been selling those shares after their relationship faltered.I heard that the reason was that he machines were't as efficiient as claimed and since that is such a critical factor for success,the relationship ended.That could prove to be a limiting factor since I believe their competitors have scooped up any available gear and have arrangements with those suppliers.Could be very tough to upgrade or expand in this market.
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