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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 > Share price suppressed
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Comment by dload7on Feb 17, 2021 2:48pm
108 Views
Post# 32586710

RE:RE:RE:RE:Share price suppressed

RE:RE:RE:RE:Share price suppressed
Tuco110 wrote: Good job, I got in late but am still up a bit. I'm not quite as thrilled as the others here about the 3012 bitcoin total. Hut can only manage to HODL 160 coins in 5 months?I'm looking hard at BITF.


The following quotes from ceo.ca may have answered your question ......


https://ceo.ca/@suehut8?1d19bdb73b28

@SueHut8 if you guys want to know why we dont have more hodled some color: Crypto mining was less profitable in Q2-Q3 after the halving, so we ramped down our operations as we began upgrading our fleet. we worked hard to minimize any losses. Profitability shot up in nov & dec to incredible heights and we put further electricity deposits down to get our capacity back up to 109 MW. We had to sell some btc for these deposits at the end of 2020, but that is cash that is till ours, and has allowed us to leverage our installed capacity.


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