What does Hut 8 stand for?

Hut 8 Mining Corp ( TSX:HUT ) ( NASDAQ:HUT) is one of the largest crypto mining companies based in Toronto and is engaged in industrial-scale Bitcoin mining operations in North America. The company uses green energy for mining purposes and is the first Canadian digital miner to list its common shares on the Nasdaq.

Where is Hut 8 Corp (hut) located?

Hut 8 serves customers in North America. The Exchange Tower 130 King Street West, Suite 18 Toronto, ON M5X 1E3 Canada Stock analysis for Hut 8 Corp (HUT:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile.

How much power does Hut 8 use?

The approximately 5,800 new miners at Hut 8's North Bay site in Ontario were operating on 20 megawatts (MW) of power as of June 30, the company said in a Wednesday statement. Its total operating capacity in computing power was 2.78 exahash/second (EH/s). The company mined 328 bitcoin during June, increasing its holdings to 7,406 BTC ($148 million).

What happened to Hut 8?

Hut 8 will retain substantially all current Data Center Business employees. The transaction has been approved by the board of directors of Hut 8 and TeraGo and is expected to close in the first quarter of 2022. Stifel GMP acted as financial advisor to Hut 8 and Fasken Martineau DuMoulin LLP acted as its legal advisors.