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 > RBC

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Comment by LeJameson Feb 11, 2021 7:01pm

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Post# 32547930

RE:RE:RE:RE:RE:RBC

Bitfury filed a notice of intention on Dec 3 for the sale of up to 37 million shares of HUT and they sold a whole bunch of shares when the stock was in the $3-4 range. And they are people who know this company better than anyone else.

If a big guy wants to buy out this company now, it will have to pay least $12 / share to win approval, with or without a "price wall" in action.

Doubt it's pre-M&A stuff. Cheers

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