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"Maybe Three Mile Island will use Lightbridge Fuel Rods."
This would be the world's ultimate coming out party.
Assuming everything we know about HALEU is true and can be scientifically proven using physics and not opinions or politics--and none of that is a done deal--then HALEU allows the nuclear industry to be reborn and the promise of safe energy becomes reality.
But that will require a 10-year, zero accident, learning curve. If this happens, then the world climbs out of its current self-inflicted injuries, and the human mind might just rise again to ride into the light(bridge).
Here's how the money works. While not uninteresting, not a mention of HALEU.
Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
https://www.cnbc.com/2024/09/20/constellation-energy-to-restart-three-mile-island-and-sell-the-power-to-microsoft.html?__source=androidappshare
Abew4me writes: "You can't copy their technology and then "tweak it" to create a new paint job...without violating one of their patents."
except it happens all the time. Check out this field of patent law:
Improvement and New Use Patents Under Federal Law
Notice the term: "Federal Law." To which feds are they referring? LTBRs patents likely written in English sit in file cabinets of people who likely can't read them.
Due process is a western concept, not necessarily the first thing which comes to mind when visiting a courtroom on the moon. And yes, some places might as well be the moon. This is about money, lots of money. Legal has nothing to do with it.
A quick read of the above article will locate the problem weasel phrase: "provide meaningful improvements."
But you must be right, when you wrote: "you need to understand that LTBR has spent 10s of millions of dollars to protect their technology with patents recognized worldwide."
Ultimately, the LTBR legal team which, as noted, has spent small fortunes building and mailing out patents to governments all over the world, is going to have to figure out how to ensure others play fairly.
This will be the show we'll all be watching and none of us know how this show ends. History shows us it usually ends badly.
I like LTBR. Until I began on this board with LTBR, I'd never heard of HALEU. 99 people out of 100 (my own stats) have never heard of HALEU, this thing which may change the world.
So, the world moves slow. I get it. The turtle wins the race, no doubt.
And when HALEU is announced, whose fingerprints will be on it? LTBR?
Hats off to LTBR, but I still wouldn't bet the farm on it. But I am surprised we're all still here.
abew4me wrote,
Boom, I originally wrote what you answered with on 7/21/24, but you said it more bluntly: "Solar and wind parks are basically camouflaged fossil fuel plants. (Coal, Oil & Gas)."
Fair enough. What about this?
Are the powers that be going to let the world go f itself, allowing it to burn yet again, or are these human nightmares called political leaders going to let human creativity lead the way?
We've been watching LTBR lead, inches at a time, with its trunkful of patents.
Will LTBR be allowed to breathe and survive? Will its own engineering and patents survive the hot light of physics research?
Are their still honest scientists who can be trusted to not abuse results by using it for their own selfish ends?
Adults, listen closely.
I'm asking for 100% of the comments involving doodie emojis and all cheerleaders of the legal joy of shorting stocks: Please--STFU.
Shorting is legal so please quit whining. To shorters and their leader, please desist from spraying this board with your old withered goo. Nobody cares and it's gross as fk.
Lets discuss something relevant to Bitfarms. RIOT is accusing BITF of choosing ego over profit.
Does anybody have anything wise to say?
Obviously, blockchain is about to take its rightful place in the world's efficient management of all economic and engineering processes.
Bitcoin will likely take its place at the top of this digital transfer of all things requiring efficiency and audits.
Other legit blockchain-related vehicles will follow, ETH, SOL, etc.
Because BTC will be adopted, bitcoin miners will be mandatory to keep the system unfolding with regularity. Quantum computing remains decades away from prime time, so mining companies are safe for now. Plenty of time to hedge for quantum.
The point: at this moment in time what will be best for shareholders: RIOT or BITF?
I appreciate what BITF has done, but existence is irrelevant. What does RIOT bring to the table?
Is BITF board trying to protect its own nutsack at the expense of shareholders?
Who knows the real story here?
One does not purchase the possibility of a future of a billion dollar in revenues.
One company may, however, buy a company with a provable billion dollars in revenues.
Waiting sucks because it has no nutritional value.
Actually, HIVE was early to this trend. Here's their quarterly.
HIVE Announces Quarterly Revenue of $32.2 Million, Adjusted EBITDA1 of $14.9 Million with an Increase in Bitcoin Holdings to 2,496 Bitcoin, 449 Bitcoin Mined and HPC Expansion
Vancouver, Canada – HIVE Digital Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE: YO0.F) (the “Company” or “HIVE”) announces its results for the first quarter ended June 30, 2024 (all amounts in US dollars, unless otherwise indicated).
Revenue from digital currency mining was $29.6 million this quarter from mining rewards of 449 Bitcoin, in addition to $2.6 million from the Company’s high-performance computing (HPC) hosting operations, resulting in a gross operating margin of $11.4 million, or a 35% operating margin. The Company’s SG&A for the quarter ended June 30, 2024, was $3.4 million, resulting in a positive corporate margin on a cash basis of $8.0 million. HIVE achieved an Adjusted EBITDA1 of $14.9 million for the quarter and net income of $4.2 million before tax.
The Company grew its Bitcoin mining ASIC hashrate by 4% this quarter, from 4.7 Exahash in March 2024 to 4.9 Exahash in June 2024. HIVE ended the period with 2,496 Bitcoin on the balance sheet as of June 30, 2024, valued at $153.9 million. The Company notes that these Bitcoin are unencumbered, unleveraged and were all mined through HIVE’s green energy focused operations.
HIVE’s production of 449 Bitcoin this quarter compared to 658 Bitcoin in the prior quarter ended March 31, 2024, is mainly a result of the Bitcoin Halving that occurs every four years with the most recent Halving on April 20, 2024. The Halving reduced the Company’s block rewards from 6.25 Bitcoin to 3.125 Bitcoin during the period. The Company prepared for this Halving by upgrading its ASIC miners in the months leading up to and after the Halving, contributing to the positive results for this recent quarter reported.
Frank Holmes, Executive Chairman of HIVE, emphasized, “Our strategy to only source mega chunks of green energy has been a big challenge for rapid growth, but our expansion into Paraguay sourcing 100 MW will more than double our Bitcoin footprint over the next 12 months. Even though we operate in many countries, we have demonstrated a unique ability to keep our operations among the top performers in financial metrics. We believe there is too much political FUD risk to be in one jurisdiction, and despite being a global company, we remain a consistent top performer when measured using various efficiency data metrics. Further, as a Bitcoin mining company, we are consistently among the lowest G&A to mine a Bitcoin and least shareholder dilution per share when compared to peers with over 1 Exahash. I am thrilled that over the past 12 months, even with the difficulty rising to mine Bitcoin and the recent Halving, we made more cash flow than last year.”
Aydin Kilic, President & CEO stated “We are proud to have navigated our second Bitcoin Halving event as a Company, with strategic foresight, producing a gross operating margin1 of $11.4 million this quarter. This comes as a result of our Bitcoin Halving strategy where we procured 7,000 Bitmain S21 AntMiners and 2,500 Bitmain S21 Pro AntMiners, to increase our installed hashrate to 5.5 EH/s with a global fleet efficiency of 24.5 J/TH. Our foresight in navigating this Halving, focusing on upgrading our existing fleet, and being conservative with expansions, comes from years of experience in the crypto-mining sector, with some of our key staff having navigated their 3rd and even 4th Bitcoin Halving events. With an installed hashrate of 5.5 EH/s, we are currently realizing an operational hashrate of 5.2 EH/s, as a result of strategic downclocking of 30 J/TH ASICs to improve overall profitability.”
The Company has identified 30 MW of capacity in its existing Bitcoin mining facilities which it owns and operates, which it is planning to convert to Tier 3 infrastructure for GPU operation, to yield 20 MW of Tier 3 compute. The Company believes these upgrades could be completed in 6-9 months from construction commencement, as power distribution and internet redundancy are in place. The Company believes the value proposition of conversion of existing Bitcoin mining capacity to Tier 3 data center rack space is twofold: a quicker construction timeline of 6-9 months for a retrofit versus a 24-36 month construction timeline for a greenfield, and a construction budget of approximately $5 million to $7 million per MW for a retrofit versus $10 million to $12 million per MW for a new build.
Q1 F2025 Summary – June 30, 2024
Generated digital currency mining revenue of $29.6 million and $2.6 Million of HPC revenue, with a gross operating margin1of $11.4 million
Ending the quarter with over $10 Million of annualized run-rate revenue from our HPC business
Mined 449 Bitcoin during the three-month period ended June 30, 2024
Adjusted EBITDA1 income of $14.9 million for the three-month period
Reported a net income before tax of $4.2 million for the quarter
Working capital increased by $14.2 million during three-month period ended June 30, 2024
Digital currency assets of $153.9 million, as of June 30, 2024
Fiscal 2024 Financial Review
For the three-month period ended June 30, 2024, revenue was $32.2 million, an increase of approximately 37% from the prior comparative period primarily due to the increase in Bitcoin price and includes $2.6 million of revenue from our HPC business segment.
Gross operating margin1 during the three-month period was $11.4 million, or 35% of revenue, compared to $8.0 million, or 34% of revenue, in the same period in the prior year. Gross operating margin1 is directly impacted by digital currency prices and network difficulties as this impacts revenue from mining operations. The Company’s gross operating margin1 is partially dependent on external network factors including mining difficulty, the amount of digital currency rewards and fees it receives for mining, as well as the market price of digital currencies.
The Company achieved a net income for the three-month period ended June 30, 2024, of $3.3 million, or $0.03 basic income per share, compared to a net loss of $16.3 million, or $0.19 basic loss per share, in the prior comparative period.
EBITDA1 and Adjusted EBITDA1
The Company uses EBITDA and Adjusted EBITDA as a metric that is useful for assessing its operating performance on a cash basis before the impact of non-cash items and acquisition related activities.
EBITDA is net income or loss from operations, as reported in profit and loss, before finance income and expense, tax and depreciation and amortization.
Adjusted EBITDA is EBITDA adjusted for removing other non-cash items, including share-based compensation, non-cash effect of the revaluation of digital currencies and one-time transactions.
The Company emphasizes that “Adjusted EBITDA” is not a GAAP or IFRS measurement and is included only for comparative purposes.
Non-Cash Charges
A non-cash charge is a write-down or accounting expense that does not involve a cash payment. Depreciation, amortization, depletion, stock-based compensation, and asset impairments are common non-cash charges that reduce earnings but not cash flows.
Financial Statements and MD&A
The Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) thereon for the three month period ended June 30, 2024 will be accessible on SEDAR+ at www.sedarplus.ca under HIVE’s profile and on the Company’s website at www.HIVEdigitaltechnologies.com.
At-the-Market Offering
On August 17, 2023, the Company entered into an equity distribution agreement (“August 2023 Equity Distribution Agreement”) with Stifel GMP and Canaccord Genuity Corp. Under the August 2023 Equity Distribution Agreement, the Company was able to sell up to $90 million of common shares in the capital of the Company (the “August 2023 ATM Equity Program”).
For the three month period ended June 30, 2024, the Company issued 11,166,160 common shares (the “August 2023 ATM Shares”) pursuant to the August 2023 ATM Equity Program for gross proceeds of C$45.0 million ($32.9 million). The August 2023 ATM Shares were sold at prevailing market prices, for an average price per August 2023 ATM Share of C$4.03. Pursuant to the August 2023 Equity Distribution Agreement, a cash commission of $1.0 million on the aggregate gross proceeds raised was paid to the agent in connection with its services under the August 2023 Equity Distribution Agreement.
The Company is using the net proceeds from the August 2023 Equity Distribution Agreement for the purchase of data center equipment, strategic investments including building BTC assets on our balance sheet and general working capital. The August 2023 Equity Distribution Agreement was terminated on July 19, 2024
About HIVE Digital Technologies Ltd.
HIVE Digital Technologies Ltd. went public in 2017 as the first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a focus on sustainable green energy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns and operates state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we endeavour to source green energy to mine digital assets such as Bitcoin on the cloud. Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of Bitcoin. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.
Environmental Sustainability:
Green Energy: By sourcing green renewable energy, HIVE is committed to environmental responsibility, positioning itself as a leader in sustainable cryptocurrency mining.
Competitive Advantage: We believe this environmentally conscious approach sets HIVE apart from competitors and aligns with evolving investor preferences.
Expansion into AI Strategy:
Diversification: HIVE’s diversification into HPC enables us to support artificial intelligence (AI) using Nvidia GPU chips, showcasing our adaptability and innovation beyond traditional Bitcoin mining.
Revenue Streams: This strategic move into HPC broadens HIVE’s revenue streams and places it at the forefront of technological advancements in both cryptocurrency and AI industries.
HIVE’s unique value proposition encompasses efficient operations, a proven agile management team, financial strength, environmental sustainability, and innovative expansion strategies. Beyond Bitcoin mining, HIVE is firmly part of the global boom in data center infrastructure, sourcing primarily green renewable energy.
HIVE presents a unique growth opportunity with over 2,500 Bitcoins on its balance sheet and growing revenue from its suite of Nvidia GPU chips powering data services for the AI revolution.
We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.
For more information and to register to HIVE’s mailing list, please visit www.HIVEdigitaltechnologies.com. Follow @HIVEDigitalTechon Twitter and subscribe to HIVE’s YouTube channel.
Reading through dozens of morning chirps, I found the offensive words and copied them:
"Stock Strategy: Prefer organic growth over a reverse stock split to meet the share price requirement. "
Remarkably, others also found the old truth--which said "NEVER an RS"--has changed to "prefer not to." This means: certainly within possibility.
This is the language showing itself. It's the actual difference between blunt truth and being dishonest.
Now, I don't believe they meant to lie when they first said NEVER to RS.
But it does mean they were stupid to have said it in the first place.
When I first bought ISQT the language was NEVER an RS. That statement was NEVER true. This means, in reality, my chances of drowning have gone up considerably. That's what I don't like.
Total manipulation. The big boys want their bitcoin cheap and their miners even cheaper.
Going to sleep. Wake me when it's over and time to buy again.
GigantorX wrote: ".... as is custom in the OTC, will be used to reset the game board and bring in another generation of bag holders to be fleeced."
The market today is in no way normal. Iqstel seemed to have legit creative energy and I bought in a few years back. But this totally upside-down world we're currently in is either a new opportunity or a new manipulative game through which we're all being screwed.
Perhaps management, at one time, thought they knew where they were at and what they were doing. Unfortunately, the financial world around them totally lost its mind.
I feel bad for them. But instead of speaking truth to us shareholders, they seem to have chosen to speak the language of delusion, alongside an entire generation of people who don't even know what honesty is. If companies can't speak with blunt honesty, the less I trust them. No amount of horseshit can fill empty words.
Alas, I enjoy playing in the OTC sandbox, but I hate the taste of the dreaded RS. Of the three, maybe four I've gotten caught in, only one has a shot of surviving. The rest died as ugly liars before fading into oblivion.
And if 500 to 1 takes place, we who own x thousands of shares will all end up with 5 or 10 total shares, if we're lucky.
Please post the evidence upon which you are basing this statement:
"I've heard NASDAQ is implementing DEI requirements to get on that exchange."
Did you read an article or see a link?
Well, this it too absolute for me: "Anyone who believes otherwise is clearly delusional. End of story."
I would argue competition is good and that disagreement furthers creativity which fuels competition.
While I've followed the alternative energy trend since the 1970s, it's still not close to being ready for prime time. And the arrogance of telling people electricity is better or cleaner than natural gas is, in your words, also delusional.
Solar panels, and electric car batteries, will also end up in landfills as toxic waste.
So, I separate nuclear from the list of "all" alternative energies.
My opinion, and perhaps a reason I like LTBR is, if done properly, better (HALEU) nuclear can fill the gap between the old, dirty energies, and the newer (hopefully, cleaner, but the jury is still out.) clean energies. I'm assuming this will take 20-100 years. We're not even close to doing this at scale. Instead of saying dumb things like people will be mandated to replace gas ovens with electric ovens, those in middle-management political power should encourage people to start small. Where are the obvious hot water heaters using solar power?
The clean energies are still pipe-dreams with no real way of actually get the job done of powering tens of millions of homes and buildings on a second by second basis. Instead of politicians spouting make-believe intentions, we need engineers speaking truth using evidence-backed, transparent, easily explainable results.
20-100 years will take us there in semi-slow motion, how real change always occurs.
So, the Donald is given his speech at the Republican convention and is talking about energy. He brought the conversation right to the edge of the new nuclear world but didn't mention it. Still too soon to mention HALEU, but almost ready.
I simply hope LTBR has protected itself with enough patents and historical knowledge. Of all businesses, the nuclear business is full of drama and mystery. People dream of large contracts worth trillions. And tiny LTBR with all its patents are a thorn in their side.
The powers which run the nuclear conversations are not regular politicians. They will destroy LTBR if they can and steal all the patents.
I still own the shares I have, not as many as I once had because of the RS.
So, despite LTBRs remarkable history, and their historical work on the physics of a safe nuclear option, I'm no longer trusting this industry will give LTBR its due.
I'm more afraid the industry will attempt to steal LTBRs many patents and write them out of history if they can. After all, it's not about right, wrong or ethics. It's just business.
So, as it has always done, LTBR needs to keep itself nimble and capable of following the truth. Nuclear power, of all the energies, needs to be true to the science. And they need politicians capable of understanding that. Stay true to the science and the money will follow.
Today's news:
"Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1st, 2024, according to a preliminary list of additions posted June 21st, 2024."
Yes: ".. persuaded them to throw in a dirtbag low bid, perhaps thinking that it might persuade investors to sell, trying to make them think its over valued."
It's that slow realization the opportunity has finally run out of more run space. $5, or even Riots' $2.30 bid, might have worked 6 or 12 months ago. But that ship has sailed. $10, the new price, will likely fall just as quickly, too.
It's anybody's guess what happens when this light bulb moments hits all of the fund managers at once?
This being an election year, no doubt there will plenty more shenanigans left in 2024. But it won't be too long before FOMO begins to tighten around the mutual fund and hedge fund managers, not to mention the actuaries who hold the insurance funds. I'm betting it's around the time somebody finally explains how bitcoin and mining actually works to all of these managers.
Perhaps they haven't yet reached the realization that without mining, BTC doesn't come into existence. That there will only be 21 million total BTC and that 19,700,000+ have already been accounted for.
That the next two million mined will likely raise the price of all that came before.
The awareness of scarcity is going to rush in very fast and it's likely to trigger a panic which has been ignored for a long time.
Not sure if this will happen to other crypto, too, as they don't require mining. We shall see.
Is this a joke?
"CoreWeave Inc., specializing in cloud computing, made a formal offer of about $1 billion to acquire Bitcoin miner Core Scientific Inc. (NASDAQ:CORZ). The proposal includes an acquisition price of $5.75 per share, reflecting a 55% increase over Core Scientific’s recent average price."
Perhaps, $57.50? Or $157.50?
I may have misspoke. Most LTBR patents, if I'm not mistaken, involve taking existing nuclear plants and refurbishing them into a HALEU version so they can get up and running in a relatively short time compared to building a new plant. This puts LTBR at the forefront of the field of refitting the thousands of existing, but unusable, nuclear facilities around the world.
Good find. This is LTBRs first wheelhouse.
I didn't make up the $250 annual revenue number. It was in the PR announcement regarding the purchase of QXTEL.
It all makes sense if they can walk the tightrope and not fall.
If they do this for 6-8 quarters, the story will fall into place on its own.
"Where Are They Finding The Funds?"
From us, of course. Either that or else T-Mobile, V or T pays to get him cheap in terms of top talent. The shenninigans get worse the more successful a company gets. It's not exactly gambling, but it is betting the farm again and again on the opportunity of great riches.
I've said this before. I don't know if IQSTEL can break into the Tmobile, V and T tri-opoly but they may reach a level where they get bought by one of them. At the current 175 mil shares, $25 per share is just over $4 billion. Maybe a year or two of $250 mil annual rev can earn them this golden ring.
Thoughts?
Is this real or a crime family moving one companies bankrupt assets to another family company to do it again?
Despite all the flowery language meant to drug you into thinking the metaverse is anything other than a 3D TV set for your eyeballs and ears, and despite the denial of any transparently written financial plan, this article is still a big deal.
Anytime a minnow like ISQTEL gets an invite to swim in the Meta pool it should be noticed.
The little engine DMG that could did it again.
As the halving separates the wheat from the chaff, the time will come when this little engine of good sense may get bought because it's a diamond. When the froth gets exciting, DMG will, hopefully, be seen as one of the few strong companies, even though it's small compared to other mining groups. Small but mighty because they understand real accounting as opposed to phoney baloney accounting. I'd suggest $10 per share to be reasonable. Possibly double that.
Feb 15, 2024
DMG Relationship with Sygnum Bank to Provide Credit Facility
DMG Blockchain Solutions announces that it has established a relationship with Sygnum Bank, a Swiss bank specialized in servicing crypto-native companies, as a strategic banking partner providing US$9 million (equivalent) in a credit facility to increase its operational capacity ahead of the upcoming Bitcoin halvening expected in April 2024. The primary use of proceeds is for the purchase of 4,550 T21 190 TH/s bitcoin miners from Bitmain Technologies for US$12,103,000 (US$14/TH/s), which was previously announced in December 2023.
With a first financing tranche of US$5.6 million already disbursed, DMG has been able to fulfill part of its payment obligation to Bitmain without the need to liquidate its bitcoin holding. DMG believes that modest amounts of debt enable it to better optimize its balance sheet, especially as it can help maintain its healthy bitcoin holding as well as lower its weighted average cost of capital, both of which should be positive for shareholders.
About DMG
DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.
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Blockseer blockchain software products help enable crypto adoption and growth.
Terra Pool
Terra Pool, enabled by Blockseer software, is the world's first Bitcoin mining pool focused on carbon neutral energy and clean block mining.
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Any insight to this abrupt decision?
MIAMI, February 7, 2024 (GLOBE NEWSWIRE) – Hut 8 Corp. (Nasdaq | TSX: HUT), (“Hut 8” or the “Company”) today announced that Asher Genoot, President and a member of the Hut 8 Board of Directors, has been appointed Chief Executive Officer, effective immediately. Mr. Genoot succeeds Jaime Leverton, who departs from Hut 8 as Chief Executive Officer, effective immediately.
The Hut 8 Board of Directors (the “Board”) has determined, following the completion of the Company’s merger of equals, the time was right to set a new strategic direction for the Company and that a transition of leadership was appropriate.
Lightbridge has patents across Eurasia, Russia and China.
What the f is going on? It's like LTBR doesn't even exist?
Posted this last Dec 2023 about HALEU manufacturing slated for Ohio in 2024.
https://www.world-nuclear-news.org/Articles/Pilot-plant-for-Lightbridge-fuel-mooted-for-Ohio
I've decided HALEU fuel and Cannabis are treated in the same manipulative way, both representing and managed by the keystone cops who bump and trip into and over each other, a never-ending run of bait and switch combinations. What a sad state of affairs.
I agree. The unintelligible language used in all the crap we were mailed was the worst of legalese. And neither Stretto nor Atrade/Schwab could be helpful.
The cost of warrants seemed to be more than current share price. How is that possible or sensical?
I agree with Kenfresno who wrote"... the subtle nuances."
Confusion exists in language itself. Like the cliche, the devil is in the details.
Welcome to the details.
The language of "legalese" is capable of writing something which sounds true but may not mean what the plain words say. There's lying by using untrue words but there's also lying by omission, leaving out key details in order to not blatently lie.
Companies do this because it's allowed by our regulators who don't fine companies which write garbage as opposed to crystal clear meanings. These are the same regulators, by the way, who allow politicians to make decisions about companies and then buy and sell those same company stocks on the open market. But our regulators don't call this insider trading.
Our free market has shit for rules and everybody pretends it all smells sweet. It doesn't smell sweet.
IQSTEL is a tadpole trying to make it to adulthood and there's bigger fish all around who want to eat it or kill it. They're wiggling to survive. Right now it's not clear they will make it. But they might. So let them wiggle. That's capitalism, better than the alternatives. Learn to enjoy it.
That's it. If $160,000 is profit then, over time, it proves the old adage is true: show me the money.
Then and only then can the hockey stick be inserted into the correct wazoo.
And I do believe IQSTEL is legit. I don't think it's a scam. I'm just worried the IQSTEL team can't swim in shark invested waters without getting their faces chewed off.
Yes, as is happening with other miners, the game is on. While I'm not really an opera fan, this is opera at it's best, full drama showing the worst humans behaving badly to get what they want.
The powers that be want the best stocks at the cheapest price and are willing to slice a few throats to get what they want.
The only problem with this awful model called capitalism is that communism, and its lesser cousin, socialism, simply finds other ways of using power to slit throats.
Either way throats get slit. But with capitalism we, supposedly, get washing machines and other luxurious gadgets which have a better chance of working.
Today's statement by HUT seems as libelous as was the short report a few days ago. If true, and if HUT can prove it in court, perhaps they can sue for damages. No doubt, that's an uphill battle.
But if, as alleged, this was lying for the short company's own benefit then, perhaps, it's illegal like insider trading.
From statement:
HUT8 "... believes that the report is filled with inaccuracies, misrepresented data, speculative claims, and unfounded character attacks. The report appears to represent a deliberate attempt to spread misinformation about Hut 8, its operations, finances, management practices, and key executives. .... The Company believes that the report was designed for the sole purpose of negatively impacting Hut 8’s share price for the short seller's own benefit, at the expense of Hut 8’s shareholders, partners, and employees."
That's a strong statement.
Revenue of "... approximately $700,000 per day," isn't the point if a company spends $800,000 per day to make it.
Boiler wrote the two magic words: "... profit provides."
And FWIW, any influencer, or company for that matter, which writes with a straight face the phrase "hockey-stick growth," when referring to a stock' price future, seems to me to be proving, instead, the only place that hockey stick is going is right up the wazoo.
The only question is whose wazoo?
Yes, you're right. It's a total shitshow. Thanks for clarifying it's not the miners themselves.
You're describing the mass hypnotic manipulation the MMs play on all of us. Not just the MMs, either. Most of the adult children who make their fortunes as members of the financial media, too. Masses of words are written by people who, in reality, don't know their financial right hand from their left and who just follow the bouncing balls in their head. Or worse, the bouncing balls others order them to write about.
In the long run, we're supposed to trust the age-old Mr Market who says, in the end, at the end of all the noise, the best company wins.
At times, we've all been crushed under this crazy, sick game.
And yet, here we still are, waiting and hoping. Good luck to us all.
Lokotomy wrote regarding miners: "... now I'm worried halving will destroy them all..."
Yes, the roller coaster market hates stockholders who get tossed around like sacks of potatoes.
But Bitcoin requires miners to work. Without miners a bitcoin is worth less than a potato because you can't eat a bitcoin. It's the miners which make the "dumb" bitcoin valuable.
People are worried that quantum computing could replace current mining because they might be able to crack the codes more easily than any of the current miners. But quantum computing is always decades into the future.
Why are you worried miners could be destroyed?
J capital research is a real shorting company. They're not a joke. But sometimes the short scare turns out to be a known thing and today's release shows up as old news making it a fear event and buying opportunity.
Hard for me to accept HUTs' DD was so weak to have not known everything about this company.
As of now,, I trust HUT more than this report.
Where's info regarding if Hut knew this and saw an opportunity?
Hard to imagine HUT was taken advantage of here. They're too smart for that. And if they were lied to during process and sale, then the lawsuits will begin and HUT ends up with all of it.
Perhaps in a day or two, HUT looks like they knew this all along.
Many will end up with 1 share because the last 100 to1 RS and this new 400 to 1 RS will take most of us into a fractional share from which we will get rounded up to 1 share.
From press release:
"No fractional shares will be issued in connection with the reverse stock split. Any fractional shares of common stock resulting from the reverse stock split will be rounded up to the nearest whole post-split share and no shareholders will receive cash in lieu of fractional shares."