Who is Hut 8 mining?

The company serve commercial customers across various industries, including financial, healthcare, government, and those in the growing digital asset, Blockchain, gaming, virtual effects, and Web 3.0 space. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.

Is Hut 8 a good stock to buy?

In addition to having the largest reserves of bitcoins in the bunch, Hut 8 has one of the highest current mining capacities. This makes Hut 8 extremely undervalued compared to its peers, and once the company is discovered by more investors, its stock price should reflect a valuation closer to the other bitcoin miners.

Why is Hut 8 called Hut 8?

The name "Hut 8" refers to the building at Bletchley Park where Alan Turing created his world-changing Enigma decoding machine during World War II. His work saved millions of lives, transformed cryptography and laid the foundation for Blockchain." Hut 8 at Bletchley Park where Alan Turing broke the Enigma Code during WWII.

Does Hut 8 have a bitcoin market cap?

Bitcoin has quadrupled from the end of September 2020, increasing the value of Hut 8’s bitcoins on the balance sheet to about $115 million USD from $32 million. Bitcoin miners like RIOT have seen their market caps rise over 800%, while Hut 8’s market cap has only risen half as much.