Hut 8 Mining Corp (HUT)

Hut 8 Mining Corp. is a technology company. 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. It offers a hybrid compute model that serves both the traditional Web 2.0 industry and the nascent digital asset computing sectors, including, Web 3.0, blockchain-based applications, and gaming in the digital economy. It has 2 digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario, all located in Canada. Its data center business includes over 36,000 square feet of geo-diverse data center space, powered by renewable energy sources. It also offers access and maintenance to shared and dedicated nodes.