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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

Comment by NIAGARA711on Feb 10, 2023 7:33am
146 Views
Post# 35278971

RE:Merger Good or Bad

RE:Merger Good or Bad

Great move by HUT management. Instead of merging with healthy miners that might need them  ,they pick a non reporting private company that has debt , is being sued and has no Bitcoin. (if information is correct,hope its wrong) Hut shareholders pay 5 shares of HUT for 1 share of new HUT and US BITCOIN shareholders get a new share for about 1 and 1/3rd . This has to be sadly the most lopsided merger in BTC miner history. Canada also loses another corporation to the U.S. and HUT shareholders get screwed badly. The good news is HUT shareholders including myself can reject this extortion and realize that if they did nothing they could weather the storm,dilute a bit more and come out of this in a few months with 10K BTC worth more than the 2 companies combined today. Wake up,this is nothing more than preservation of high salaries ,has zero to do with shareholder wealth.

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