Hut 8 Corp HUT

RE:Update details...

[stingray88]

Rejean1 wrote:

Hello from Hut 8, 

With our Q4 Financials being released on March 25th, we thought it would be a good time to update you on some of the milestones we've reached thus far this year:

• Hut was able to pay off in full its $20 million dollar loan with Genesis


• We have blown through 1.0 E/H of power, leading our competitor group in current installed Hashrate


• We ordered 5,400 new machines and are currently cycling out older hardware with the new Whatsminer m30s, giving us space for 2 latest generation WhatsMiners, and a net gain of 120 (or 3x hashrate) TH at the same electricity


• We have a full fleet of equipment that is mining and in the money


• As of February 21st we have 3,012 Bitcoins on our balance sheet and are hashing at a rate of 6.8 Bitcoin per day


• We signed an MOU with Validus Power to explore a partnership that would allow us to use excess waste energy from Oil & Gas flare, and expand our capacity footprint


• We recently received a BUY rating from HC Wainwright investment bank: Globe & Mail-Analyst Report-Hut8 Earns BUY rating

Wanted to put this on your radar, as we are still trading at an extraordinary discount to our competitor group. We look forward to sharing meaningful financial updates with you on March 25th, and a big 2021.

Best, 

Jaime, Jimmy, Tanya, Sue.

Trading at an extraordinary discount to peers, came not be stated enough. What's it going to take to get Hut where it should be? Knock your socks off financials may be a good place to start.