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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 gandle62on Jun 23, 2021 3:30pm
284 Views
Post# 33435733

After the AGM

After the AGMThere was a reminder at the AGM that only a few companies have been able to acquire the new NVIDIA CMPs, and how Hut's will soon produce an additional daily payout of 2.5 - 3 Bitcoins at a cost of $4,000 per Bitcoin, using only 4MWs power, and of course Hut has recently contracted with Validus Power for 100 MWs at under 3 cents/MW... So things seem very rosy to me. Next week's update on strategy will undoubedly mention hosting and the $100 million, but again, to me it's all terrific news and I love watching it all unfold. 

Of course, we'll all be happy when Bitcoin eventually rises and Hut begins to soar. Meanwhile I add a few shares every chance I get, and am very happy with these low priced shares. I personally like managements' quest to earn enough fiat dollars to support max hodl because I increasingly understand Bitcoin and believe in the inevitability of its value increasing enormously. 

Everyone talks about how wonderful Mara is, and okay... But they started out with expensive infrastructure warehouses like Bitfarms, but now they're building out in Texas with the same type trailer set-up that Hut has evolved so effectively. Again and again, Hut demonstrates their innovative intelligence while other companies follow along... I think my best investment is right here, both the company and management, and I'm all in.

Just some personal opinions, but rather than wonder why there aren't more posts here, thought I'd write one for a change. Good luck to everyone...


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