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 > Todays Drop has nothing to do with the merger.

<< Previous

Bullboard Posts

Next >>

Post by Hotdogeron Feb 09, 2023 11:17pm

877 Views

Post# 35278751

Todays Drop has nothing to do with the merger.

This drop has nothing to do with the merger. It has to do with the SEC settlement with Kraken mostly (although Bitcoin should not be affected because it uses proof-of-work vs proof-of-staking and partly with Fed comments re: more interest rate baloney.
More regulation inevitable and may drive more people to Bitcoin vs other coins as it's the only coin the SEC considers an actual commodity.
The debate on whether staking can be labeled as an unregulated securities breech is not over.

This SEC /Kraken settlement should be good for bitcoin but bad for Ethereum.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario