Hut 8 Mining Corp (CVE:HUT) Stable Bitcoin Investment

Hut 8 Mining Corp (CVE:HUT) Stable Bitcoin Investment



Hut 8 Mining Corp (CVE:HUT) (OTCMKTS:HUTMF) is a bitcoin-focused company, providing investors the opportunity to enter the cryptocurrency space, but provides the security of traditional portfolios. CEO Andrew Kiguel provides an update on the current cryptocurrency rally, and suggests that bitcoin has greater staying power over alt coins. Kiguel identifies Hut 8 Mining’s strategic partnership with Bitfury, a crypto technology company, and its Medicine Hat build, which provides a 350 percent increase in the size of the company’s operations, as the reasons Hut 8 Mining has performed well and held its value despite volatility in the crypto space. Kiguel explains that Hut 8 Mining is a publicly listed North American company that has been hoarding its bitcoin and is well-positioned if SEC decides ETFs can only purchase newly minted coin.

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