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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 12, 2023 4:18pm
146 Views
Post# 35282228

RE:Nice FUD

RE:Nice FUDShareholders at HUT should realize that with a reasonable chance  of Bitcoin going to 100K  within a year ,the company would have 900 Million dollars if they sold their stack,thats if they stopped holding  what they create and use the income to offset losses in revenue from North Bay. That is a reasonable way  to go forward ,something  close to what they have been doing all along. The merger does not even double their Exahash ,so  if both companies have roughly the same producing power and  HUT has all the Bitcoin ,what makes  anyone believe they are equals ?  HUT shareholders  take a 1 for 5  raking while the company with nothing except power contracts and  3 facilities ,one of which is being sued  get away with  1 for 1.33 shares. This is the most screwed up logic I have ever witnessed in a so called merger of equals. If shareholders at HUT actually allow this to happen,they will be waiting years to recover  from their losses. 100K Bitcoin will only  bring  the so called NEW HUT back to  its former high prices but now  shareholders will only own 20%  of what they had. I hope you print and save this post  and remember where you heard it from.My name Niagara  comes from the fact that I am from Niagara  and  the Niagara Falls operation of US Bitcoin legitimately should be shuttered ,in my opinion unless a lot of money is spent reducing the noise to the local residents. This is an example of what not do do if you're a Bitcoin miner. These are my opinions,I only wish to let other HUT shareholders  understand that there are alternatives to going into this merger blindly following a management that is either not explaining enough or  is not acting as a good fiduciary to its shareholders. Tell me where I'm wrong.
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