Hut 8 Mining Corp. (T:HUT)
Business Focus: Financial Technology (Fintech) (NEC)
Mostly sunny as of September 01, 2023
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Insider Filings
Latest 10 SEDI filings for HUT within the last 6 months
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Company News
Sep 19, 2023 06:30 ET
Hut 8 Provides Update on Business Combination with USBTC
TORONTO, Sept. 19, 2023 /CNW/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") will combine in an all-stock merger of equals (the "Transaction"). The combined company will be named "Hut 8 Corp." ("New Hut") and will be a U.S.-domiciled entity. The Transaction is expected to establish
Sep 19, 2023 06:30 ET
Hut 8 Provides Update on Business Combination with USBTC
TORONTO, Sept. 19, 2023 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") will combine in an all-stock merger of equals (the "Transaction"). The combined company will be named "Hut 8 Corp." ("New Hut") and will be a U.S.-domiciled entity. The Transaction is expected to est
Valuation Ratios
Industry
Sector
Beta
3.52
--
--
Price to Sales - TTM
6.08
1.66
3.79
Price to Book - most recent quarter
1.18
2.25
2.09
Price to Cash Flow per share - TTM
--
16.06
11.42
Price to Free Cash Flow per share - TTM
--
7.23
19.00
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 6,400,295 | 730,457 |
| Aug 31, 2023 | 5,669,838 | 454,722 |
| Aug 15, 2023 | 5,215,116 | -26,414 |
Business Summary
| Sector: Technology | Industry: Financial Technology (Fintech) |
Hut 8 Mining Corp. is a Canada-based technology company. The Company is focused on digital asset miners, bullish on Bitcoin, blockchain, Web 3.0 and bridging the nascent and traditional high performance computing worlds. The Company and its subsidiaries are primarily in the business of the mining of digital assets. It focuses on utilizing specialized equipment to solve computational problems to validate transactions on different blockchains and receiving bitcoin in return for services. The Company operates cloud and colocation data center facilities in Canada, targeting enterprise customers seeking computing services. Its infrastructure portfolio includes over seven sites: five high performance computing data centers across British Columbia and Ontario that offer cloud, co-location, managed services, artificial intelligence (AI), machine learning, and VFX rendering computing solutions, and two Bitcoin mining sites located in Southern Alberta.
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