Hut 8 Corporation (HUT)

[chestnut42]

I believe you could be wrong about that. Bitfury, the partner you are referring to isn't selling any more. they did transfer 8 1/2 million shares to a third party. But whoever that third party is, is not known.

You've got to have mighty deep pockets to buy 8 1/2 million shares. That does show an awful lot of faith in our stock to invest that kind of money in HUT.


Bitfury did already sell a large stake in HUT, but that is in the past.

Posted on Tues. :

Bitfury Holding BV announced today the company sold 8,477,687 common shares of Hut 8 Mining Corp. (TSX-V: HUT). The company also filed on February 12, 2021 an intention to transfer, via secondary, an additional 8,500,000 common shares of Hut 8. Bitfury intends to use the proceeds from such sales for accelerated R&D, specifically around its next-generation ASICs chip development, which will positively influence Bitfury’s growing global ecosystems of customers and partners, inclusive of Hut 8. The proceeds will also be leveraged for bolstering Bitfury’s capital structure.