Hut 8 Mining

Hut 8 Mining: North Bay Mining Site Will Add 100MW Capacity in Ontario

Equity Bottom-Up
210 Views, 09 May 2022 02:25
EXECUTIVE SUMMARY
  • Hut 8 Mining (HUT US)  is a cryptocurrency mining company headquartered in Toronto, Canada. Crypto miner has two facilities in operation: Drumheller and Medicine Hat in Alberta.
  • In 2017, Hut 8 Mining established a partnership with Bitfury Group to acquire, install, maintain and operate Bitcoin mining data centers in North America. 
  • We like the company’s solid balance sheet with 6,769 BTC held as of Apr-22, the opportunity to add an extra 100MW capacity in North Bay and the acquisition of TeraGo. 
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Andrei Zakharov
Director of Equity Research, IPOs
Algosun Global
Information Technology & EnergyEquitiesEquity Capital MarketsThematic (Sector/Industry)

A highly collaborative entrepreneurial Founder and Director of Algosun Global Limited with broad professional experience... 

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