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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 > From Bitfury

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Comment by deedee13579on Feb 16, 2021 8:07pm

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Post# 32580908

RE:RE:RE:RE:RE:RE:From Bitfury

https://www.globenewswire.com/news-release/2021/02/16/2176678/0/en/Bitfury-Holding-BV-Transfer-of-Shares-of-Hut-8-Mining-Corp.html

February 16, 2021 18:30 ET | Source: Bitfury

AMSTERDAM and TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Earlier today Bitfury Holding BV's ("Bitfury") issued a press release which is available at: https://www.globenewswire.com/news-release/2021/02/16/2176339/0/en/Blockchain-technology-leader-Bitfury-completes-planned-transfer-of-Hut-8-shares.html (the “Prior Press Release”).

In the Prior Press Release, Bitfury referenced the Form 45-102 filed on February 12, 2021 in relation to its intention to transfer an aggregate of 8,500,000 common shares (the “Common Shares”) of Hut 8 Mining Corp. (TSX-V: HUT). ("Hut 8"). For the avoidance of doubt, Bitfury would like to clarify that it does not intend to sell the 8,500,000 Common Shares on the open market but will transfer those 8,500,000 Common Shares to a third-party through private transactions. The transfer of the Common Shares is expected to positively influence Bitfury’s growing global ecosystems of customers and partners, including Hut 8. The proceeds of the transfer will also be leveraged to bolster Bitfury’s capital structure.