Hut 8 Mining Corp.
HUT-CT
$2.8
0.13
+4.87%
Hut 8 Mining Corp.
Hut 8 Mining Corp.
HUT-CT
$2.8
0.13
+4.87%
Company Description
Hut 8 is a Bitcoin mining company in Canada. Hut 8 used to have an exclusive relationship with Bitfury for equipment in Canada but in 2020 renegotiated the agreement, lowering their operating costs, and giving them autonomy to purchase from other manufacturers. Hut 8 runs Bitfury BlockBoxes and Whatsminer equipment representing 107 MW of operating capacity in Drumheller and Medicine Hat, Alberta. They have historically partnered with Genesis Global Capital for debt funding. Hut 8 uses smart response systems to turn off low-efficiency machines during times of lower mining profitability. In Jan-2018 the company became public on the Toronto Stock Exchange through a reverse merger.
Overview
Sector
Technology Services
CEO
Jaime Leverton
Business Line
Prop Mining
Headquarters
Canada
Forex
CADUSD
Exchange
Toronto Stock Exchange
Hut 8 Mining Corp.HUT-CT
Hut 8 Mining Launches At-The-Market Equity Program
8/17/2022
Hut 8 Mining Corp.HUT-CT
Hut 8 Announces Results of 2022 Annual Meeting of Shareholders
6/16/2022