Hut 8 Corp T.HUT

Primary Symbol: 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 Betteryear2on Jul 03, 2024 6:21pm

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Post# 36117244

Hut 8 Operations Update

17.8 EH/s and 762 MW under management
$150 million investment from Coatue to support the buildout of next generation AI infrastructure platform

Near-term visibility to conversion of projects in previously announced pipeline of 1,100 MW of energy under exclusivity

AI vertical expected to begin generating revenue in H2 2024

MIAMI, July 03, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today released its operations update for June 2024.

Hut 8 Operations Update for June 2024 (globenewswire.com)

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