Bullboard - Stock Discussion Forum 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... see more

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NDAQ:HUT - Post Discussion

Hut 8 Corp > Only 188 BTC mined in January?!?!

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Post by zoevans1 on Feb 13, 2023 2:55pm

Only 188 BTC mined in January?!?!

The merger with USBTC is a desperate strategy not to disappear. Production is very bad and Hut becomes a hosting company

In January, Bitfarms mined 486 BTC (298 BTC more than Hut). Hut will need to invest millions if it wants to come close to the great performance of the big miners

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Comment by NIAGARA711 on Feb 13, 2023 3:46pm

I think you have it in reverse. Hut needs to scale down its expenses and hold the largest cache of Bitcoin of any public miner. The merger is nothing more than management wanting to grow which means their personal compensation. Hut did nothing wrong,North Bay was not their fault and will be resolved.In the meantime shareholders MUST vote against the ...more

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Comment by Hotdoger on Feb 13, 2023 7:22pm

Bitfarms drowning in debt

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Comment by checkup on Feb 14, 2023 11:41am

Canadian government and energy utilities recent proposals will very negatively affect the Canadian Bitcoin operations. I'm glad they are combining with a US company and they will likely eventually leave completely. Canada is becoming a dead zone for business.....

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