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    HUT   CA44812T1021

HUT 8 MINING CORP.

(HUT)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 11/30 01:13:39 pm
15.14 CAD   -6.14%
08:21aHUT 8 MINING : Letter from former auditor
PU
11/29HUT 8 MINING : Joins D.A. Davidson 2021 FinTech and Payment Spotlight Conference - Form 6-K
PU
11/25Toronto index up as energy, technology shares gain
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Hut 8 Buys 12,000 New Crypto Miners for $58.7 Million

10/21/2021 | 06:15am EST

By Adriano Marchese

Hut 8 Mining Corp. said Thursday that it has purchased 12,000 news cryptocurrency miners from Inchigle Technology Hong Kong Ltd. for $58.7 million.

The Canadian cryptocurrency-mining company said the acquisition is of MicroBT M30S, M30S+ and M30S++ miners, with aggregate incremental production of 1.17 exahash--where a hash is a function that meets the encrypted demands to solve for a blockchain computation.

The company said the miners are expected to be delivered starting in January 2022 at a delivery rate of 1,000 machines a month.

With the new machines, Hut 8 said it expects total contracted capacity to be around 3.57 exahash a second.

"While timing relative to Bitcoin achieving an all-time high is coincidence, this investment serves to reinforce our commitment to efficiently mine and [hold] Bitcoin," Chief Executive Jaime Leverton said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

10-21-21 0815ET

All news about HUT 8 MINING CORP.
08:21aHUT 8 MINING : Letter from former auditor
PU
11/29HUT 8 MINING : Joins D.A. Davidson 2021 FinTech and Payment Spotlight Conference - Form 6-..
PU
11/25Toronto index up as energy, technology shares gain
RE
11/12Hut 8 Achieves Third Consecutive Record-Breaking Quarterly Revenue in Q3-2021; Surpasse..
PU
11/11MD&A - English
PU
11/11Hut 8 Mining Swings to Q3 Profit, Reports Revenue Gain; Shares Rise
MT
11/11Hut 8 Mining Up Near 10% In US Pre-Market As Turns To Q3 Profit Vs Year Ago On Record R..
MT
11/11Earnings Flash (HUT.TO) HUT 8 MINING Posts Q3 EPS Basic $0.16, Dilluted $0.15
MT
11/11Hut 8 Mining Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended..
CI
11/11Earnings Flash (HUT.TO) HUT 8 MINING Posts Q3 Revenue C$50.3 Million
MT
More news
Analyst Recommendations on HUT 8 MINING CORP.
More recommendations
Financials
Sales 2021 178 M 139 M 139 M
Net income 2021 54,4 M 42,6 M 42,6 M
Net Debt 2021 - - -
P/E ratio 2021 42,4x
Yield 2021 -
Capitalization 2 690 M 2 101 M 2 103 M
Capi. / Sales 2021 15,1x
Capi. / Sales 2022 6,21x
Nbr of Employees 30
Free-Float 98,0%
Chart HUT 8 MINING CORP.
Duration : Period :
Hut 8 Mining Corp. Technical Analysis Chart | HUT | CA44812T1021 | MarketScreener
Technical analysis trends HUT 8 MINING CORP.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 16,13 CAD
Average target price 24,00 CAD
Spread / Average Target 48,8%
EPS Revisions
Managers and Directors
Jaime Leverton Chief Executive Officer & Director
Shane Downey Chief Financial Officer
William Ping Tai Chairman
Jason Zaluski Head-Technology
Joseph Flinn Independent Director
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