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 > One issue I see

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Comment by stingray88on Apr 12, 2021 8:55am

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Post# 32976214

RE:One issue I see

stingray88 wrote:
Naturally Hut drops when bitcoin drops, that's obvious. The problem is in recovery price. When bitcoin snaps back after a few days of sell off, Hut never follows suit. For example we were sitting at 60k and Hut around $10.30 ish. When btc pops back to 60k will we see $10.30 again? We lose a little every down tick of btc. To get back to ATH it will probably take Btc going to 100k.

Btc back to $60k and tracking well to ATH's. As was stated Hut nowhere near the $10.30 mark from previous comparison.

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