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 > Nasdaq incoming?

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Comment by joecanceron Mar 29, 2021 9:26pm

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Post# 32903755

RE:RE:RE:RE:RE:RE:Nasdaq incoming?

You are focusing on the wrong line in the financial statement. The deficit is one factor in determining shareholder equity. But if you look at the recent annual report, the shareholder equity is over $115 million. So they qualify. They have the market cap (850 mil - only need 160 mil). They have the shareholder equity (115 mil - only need 80 mil), and they have the assets (145 mil - only need 80 mil).

They didn't meet this requirement last year when it was less than 50 million. They also didn't qualify after Q3 of 2020.

But they qualify now it appears.

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