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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

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Post by Rejean1on Jan 13, 2021 11:37pm
176 Views
Post# 32291773

Hut P.P.

Hut P.P.I`m a novice here. I decided to get in under  the impression that if the stock was trading under $3.00 only a few weeks ago and some American investors are willing to invest over 70 million dollars, and buying p.p. shares at $5.00.....you would think they know the stock will not be back at under $3.00 soon in the near future?  Plus the warrants will be at $6.25 ?  I`m guessing they are aware of some good news or results coming down the pipe? Otherwise why would they not just load at when the stock was at under $3.00? 
Why would insiders  sell their shares at $6.50 for example and then reinvest in a $5.00 P.P.  if they are selling on hype?  You would think they would pocket the profits instead? Any opinions?
IMHO
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