NasdaqGS:HUTSoftware
A Look at Hut 8 (NasdaqGS:HUT) Valuation Following Ontario Power Plant Sale to TransAlta
Hut 8 (NasdaqGS:HUT) has reached an agreement to sell four natural gas power plants in Ontario to TransAlta. This move marks a strategic pivot and sharpens its focus on Bitcoin mining and high-performance computing operations.
See our latest analysis for Hut 8.
Hut 8’s latest move to divest its Ontario power plants and sharpen its Bitcoin mining focus has put a spotlight on its recent share price swings. The company’s 32.5% one-year total shareholder return hints at improving long-term...