Hut 8: High Growth, High-Margin Crypto Mining Stock

Hut 8 (Nasdaq: HUT) is one of North America's largest innovation-focused digital asset miners, supporting open and decentralized systems since 2018. Located in energy rich Alberta, Canada, Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined Bitcoin than any crypto miner or publicly traded company globally. The recent deal with Validus Power will add up to 100 megawatts (MW) on top of the 109MW currently in production. The Company recently purchased $30 million of NVIDIA’s cutting-edge cryptocurrency GPU miners (a model that was limited fleet and not available on the open market) to mine Ethereum and participate in profitable decentralized finance opportunities but will start by using as a mining arbitrage opportunity and get paid out in Bitcoin, and $44 million of MicroBT M30S, M30S+ and M31S miners, representing approximately $44/Terahash. Given current bitcoin network dynamics, the hashrates from these installations are expected to increase average production to approx. 14 – 16 Bitcoin per day in Q3 2021. Reduction in network difficulty expected to increase self-mined production to 20 – 22 Bitcoin per day as NVIDA and MicroBT equipment comes online in Q4 2021. Visit www.hut8mininginfo.com to learn more.

Видео Hut 8: High Growth, High-Margin Crypto Mining Stock канала RedChip Companies