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 > Scoop:

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Comment by tcbmillon Jan 21, 2021 4:40pm

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Post# 32354911

RE:RE:RE:RE:RE:Scoop:

Who's to say. Maybe if the press release comes out very positive but the price doesn't move due to lagging bitcoin price, nothing happens. That gives us time to think, juggle funds around and assess the situation, then buy if it seems appropriate. The problem with a good press release in a hot market is that unless you're sitting in front of your computer,logged into your trading account, and lightning reflexes, you might miss most or all of the upside move or even worse,chase it, only to watch it retreat back for a net loss. I prefer this scenario really.

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