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.

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Hut 8 Corp > Back on the Rollercoaster

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Comment by tictactoe111on Jun 14, 2021 1:03pm

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Post# 33382180

RE:RE:RE:RE:RE:Back on the Rollercoaster

It could but it is by no means guaranteed. The 'only' benefit of a raising is that it would have put a protected (as much as possible) floor on the stock price. I believe there was also a 30 day option to acquire more. The latter should deter any but the boldest shorts / short reverse longs.

That said we are at the mercy of btc on this leveraged vehicle.......as if btc wasn't mental enough!

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