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

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Post by miltrader2891on May 05, 2022 7:52am

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Post# 34657836

It's quite simple

BTC goes up, Miners go up
BTC goes down, Miners go down
BTC goes sideways, Miners go down

The media have called this a decoupling of miners from the price of BTC. I think this is incorrect. Nobody is going to buy miners when they are uncertain of the direction of the price of BTC. If BTC drops to $20K USD then the bid for miners will be massive and if BTC begins to move back to it's ATH then the market will be chasing miner prices. FOMO at its best.

Just have some dry powder ready.

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