Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

<< Previous
Bullboard Posts
Next >>
Post by DDayTTraderon Dec 03, 2021 9:26am
338 Views
Post# 34194122

...drop was the result of a misunderstanding...

...drop was the result of a misunderstanding...If anyone could beleive that this could happen in today's day and age, that this entire drop in price is due to a misunderstanding... I thinkthe communication director is getting fired this morning... Is it any wonder that nobody understood what the hell was going on yesterday!

Looking for it to pop back up quite a bit today!



https://www.nasdaq.com/articles/why-hut-8-mining-stock-took-a-hit-today 


It's customary for cryptocurrency mining companies to update shareholders monthly, but here's where today's story gets interesting. Based on posts on social media, it appears investors believed Hut 8 mined fewer Bitcoins in November than it mined in October, which is why the market's reaction was negative. But a lower tally in November shouldn't be the case considering the company has increased its computing power over this time period.

Hut 8 didn't give an update for October, which makes it harder to resolve the confusion. But according to its third-quarter earnings report, the company held 4,729 Bitcoins as of Sept. 30. Since it mined 265 in November, this means it mined 248 in October. So mining production increased almost 7% month over month, which is about what you'd expect. Therefore, it looks like today's drop was the result of a misunderstanding.
<< Previous
Bullboard Posts
Next >>