Hut 8 Corp HUT

regarding nasdaq listing

[bufordpusser]

Standard No. 1: Earnings

The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.

2018 Net income (loss) and comprehensive income (loss) (136,765,537)

[swhe]

This is one of four earnings related standards that must be met.  It can be met in other ways, so this is misleading.  Standard 4 under financial requirements can be met by the company.  See: https://listingcenter.nasdaq.com/assets/initialguide.pdf   and then go look at the 2020 balance sheet.  Over 160 mil market cap = check, over 80 mil assets = check, over 55

[chucker23]

Well stated! Once the COIN excitement clears - we should once again return to 'normal'.

[bufordpusser]

Aggregate in prior three fiscal years > $11 million and Each of the prior three fiscal years > $0 and Each of the two most recent fiscal years > $2.2 million https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/

[bufordpusser]

With or without nasdaq this is a money machine if management turns the end product into cash. No debt and what should be around $150 million to put on the books makes this a winner. Of course the price of Bitcoin could tank and shareholders are left holding a bag of Bitcoins instead of cash.