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 > Waiting For HUT To Release Their October Bitcoin Production

<< Previous

Bullboard Posts

Next >>

Comment by BrITeChOIceswiNon Nov 04, 2021 7:10pm

269 Views

Post# 34089488

RE:Waiting For HUT To Release Their October Bitcoin Production

HUT confirmed on Twitter that they're waiting to release their October Bitcoin production #'s with their 3rd quarter results on November 11th.

The increasing mining difficulty probably decreased their Bitcoin production from last month - unless they've installed more GPUs for ethereum?

HUT needs to secure more large orders for new miners to increase their hash rate - otherwise the other 3 are going to have at least 70% more hash rate with their deployment of 55,000 plus miners over the next 12 months.

All the best

<< Previous

Bullboard Posts

Next >>

Fortuna reports record earnings for Q3 2024