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Hut-8 on Toronto Stock Exchange (TSX) #11

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svrnhdl opened this issue Oct 9, 2020 · 6 comments
Closed

Hut-8 on Toronto Stock Exchange (TSX) #11

svrnhdl opened this issue Oct 9, 2020 · 6 comments

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@svrnhdl
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svrnhdl commented Oct 9, 2020

HI. Hut 8 is a Canadian mining company with BTC on Balance sheet.

BTC mainly acquired through mining - so no purchase price available.

Latest report: https://hut8mining.com/wp-content/uploads/2020/08/Hut-8-FS-Q2-2020-Final.pdf

As of June 2020 (see page 14)
Balance, June 30, 202036,788,573$ 2,954

Can we include the portion they use as collateral for their loan?
@nvk
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nvk commented Oct 9, 2020

Neat, but it's not on the filing how much BTC they have.

@svrnhdl
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svrnhdl commented Oct 9, 2020

2020-10-09 (3)

See Note 5

@nvk
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nvk commented Oct 9, 2020

So the BTC is on the balance sheet, but not controlled by this company. Maybe could still qualify I guess.

@svrnhdl
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svrnhdl commented Oct 9, 2020

Yeah as long as they pay off the interest, I would opt to include it. If they get liquidated, balance should be changed accordingly.

@efecini
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efecini commented Oct 9, 2020 •
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I think that it is applicable too.

@nvk
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nvk commented Oct 9, 2020

added

@nvk nvk closed this as completed Oct 9, 2020
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3 participants
@nvk @efecini @svrnhdl