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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

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Post by swheon Apr 14, 2021 5:03pm
125 Views
Post# 32994944

Energy Cost reduction will be key to higher prices, i believ

Energy Cost reduction will be key to higher prices, i believMuch of HUT's profit last year was made from BTC appreciation (for the coins they hold).  Operating costs seemed to be high compared to revenue, so any significant reduction in electrical costs would be felt strongly in the bottom line.  I hope to see some announcement soon about the energy partnership that HUT entered into to capture excess energy / waste from the oil and gas industry.  Actual energy cost reductions will make HUT GO.   GO HUT !!
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