Hut 8 Mining Corp. (NASDAQ:HUT) Q3 2023 Earnings Call Transcript

Unidentified Analyst: Got it. Switching gears quickly here. Now we have seen an improvement in mining economics recently, can you speak to how it has or may potentially impact capital allocation decisions going forward?

Jaime Leverton: Well, that’s one of the things I love about having a diversified business model. We get to make those choices based on the active developments that we see in all of our businesses, whether it’s Bitcoin or high performance computing. So I can’t answer that question specifically, but that’s one of the reasons we have optionality. So really our focus is, first and foremost, on getting our transaction into USBTC closed off, so that as a combined team we can look at what makes the most sense with respect to our next move from an organic and/or inorganic growth perspective.

Unidentified Analyst: Thanks. That’s helpful. I will pass the line.

Jaime Leverton: Thanks so much.

Operator: Thank you. I am not showing any further questions in the queue. So with that, I will conclude the call. A transcript of this call will be available on the Hut 8 website in the Investors section. Thank you for joining us at the Hut 8’s third quarter 2023 financial results analyst and investor call. You may disconnect.

Jaime Leverton: Thanks, Carmen. Thank you, everybody.