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

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Post by DDayTTraderon Dec 10, 2021 10:14am

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BITCOIN crashes at open

Starting to think there is some after hours manipulation taking place on Bitcoin after hours, as if you look at 9:30 on a daily basis huge dumps taking place. Although I own quite a bit of HUT 8 shares and I am bullish into Jan / Feb next year this manipulation is probably part of whats driving the bull market on Bitcoin. That, and also all the discussion on ETF's and transaction times compared to VISA. I think I will wait for Bitcoin to stabilize before investing any additional capital, as from what I am seeing, bitcoing could go to 44K before year end so Im not interested in taking a hit but instead would prefer buying that dip so funds in reserve for now.

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