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Hut 8 Corp HUT

Alternate Symbol(s):  T.HUT

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

Comment by dload7on Mar 29, 2021 2:59pm
142 Views
Post# 32899764

RE:Nasdaq incoming?

RE:Nasdaq incoming?
joecancer wrote: Hut has filed a form f-10 with the SEC.  It was filed March 10.  That's the form Canadian companies need to submit in order to go public in the US.

https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14787574&RcvdDate=3/10/2021&CoName=HUT%208%20MINING%20CORP.&FormType=F-10&View=html

From reading about it, the SEC doesn't need to approve this. But FINRA does. And it takes FINRA 10-25 days to usually approve: https://www.finra.org/rules-guidance/key-topics/public-offerings (see Review Process).  

Now, I don't know all the ins and outs and whether they've filed what they need to file with Nasdaq itself, but this is at least some indication that they are working on it and possibly very close.  Take it for what you will.  Perhaps this is why they were so tight-lipped on the earnings call? 


I really just think that HUT management has been just doing expectation management since the approval is not guaranteed.   Just my 2 cents.

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