Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. -G. Washington
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"We’re actually at about 1.3E/H…q2 ER coming next week with more updates"
More updates next week, sounds like good news to me. Oh Yeah!! and 1.3 EH is good news as well. With more coming.
We’re actually at about 1.3E/H…q2 ER coming next week with more updates
— Hut 8 (@Hut8Corp) August 4, 2021
The BTC 20 DMA seems to have just crossed with the 50 DMA. What that may mean is very bullish for BTC. The last time that occured was in October 2020, right before the massive bull run where BTC set a new ATH. GLTA
https://www.newsbtc.com/news/bitcoin/bullish-bitcoin-crossover-attention/
Speculation, is not an investment strategy.
I , myself, am sick and tired of people who believe everything the media tells them to believe. Lemmings being led into the abyss.
Claims an insider is what it says. NOT the company. AMAZON HAS DENIED, the story. HOBO, like I said, never believe "journalists ", they lie.
And Amazon has denied that they will accept BTC as a payment option. RUMOR is all it was about. I think everyone was hoping that reading between the lines, Amazon was saying something that they weren't. I still think a lot of creative writing went into the story. I'm sure the writer got a lot of page views, which is all it was really written for. Journalists cannot be trusted EVER.
BTC is up on the rumor about Amazon accepting it as payment in the not to distant future. Just a rumor by some liberal writer calling themselves journalists
Great post, thanks
All politicians are crooks. It's just that very recently Pelosi's husband made a mint. I think a politician has the best information I would love to trade with, if I had a relative in office I would be making calls
I see Hut as a 3 billion market cap stock, just like RIOT and MARA. I plan on waiting it out. I sold MARA after it went from $3 to $11, I made some cash, but I plan on making a lot more by being more patient. Good luck to you Hobo hopefully your patience with BITF and Hive will work better for you
Still a nice sized boat, all the same.
I expect more of the same BTC action, until the beginning of next month. Futures expiration is 2 weeks away, after that hopefully BTC can recover some
I have 253 pi, I plan on selling more $ 7.50 covered calls probably early August for Either August or October calls. I think it's easy money, but I don't want to go too far out. Hut will get close to Riot and Mara in time, the only question is when
Have you thought about selling some covered calls. I sold 50calls for July. After Friday I plan on selling 50 more for August. It has helped me from selling and cutting my losses
I have a hard time being positive with Hut
. Since I'm still down and losing $. When Hut finally reaches $6.49, my break even point, then maybe I will become positive again. But, not until
Censorship, go to Reddit, if you want to see censorship. I have found very little of that here. Hobo, I think most investors like me are just patiently waiting for BTC to rise, then I hope to see Hut taking off
INVESTMENT FIRM BUYS 12% OF MICROSTRATEGY
Capital International, has bought $600 million dollars worth of Microstrategy stock, which means they are now the “beneficial owner of 953,242 shares or 12.2% of the 7,782,568 shares believed to be outstanding.”
https://cryptosrus.com/billion-dollar-investment-firm-buys-12-of-microstrategy/
It really jumped after 3:00, big volume.
Good news on a down day.
240 Volt High voltage step-down transformers have arrived to power up 10,000 @nvidia miners @ 3 Megawatts of total power footprint.
https://twitter.com/Hut8Mining
I do agree with you on "It's fair to asses corporate strategies for the future to see what they are focusing on but to suggest that what they foresee and plan on a full 18 months out will most likely not be the reality under these fast changing technical conditions"
It's just that, the Naz is forward thinking and that was the only reasoning in my post. Besides it's always good to compare goals , to see how well, whichever of the 4 miners each investor holds, is keeping up with the competitors.
As I see it BITF is far and away the most undervalued out of all the miners. The time will come when it will see some signifigant gains in SP. I think it will see a bigger % gain than Hut in the future. When, being the question, will it finally catch up.
The Bank of Israel has adopted Ethereum blockchain technology for an internal pilot project to examine the digital shekel, a source close to the matter has told "Globes." Ethereum is the world's second biggest cryptocurrency after Bitcoin.
https://en.globes.co.il/en/article-bank-of-israel-adopts-ethereum-for-digital-shekel-trial-1001375607
This technology is being used in other trials conducted by central banks worldwide including in Australia, Hong Kong and Thailand.
OK, It looks like investors are starting to realize the valuation of BITF is at a bargain basement price. Especially since it's a Friday, right before a 3 day weekend. It is a kind of surprising day, without any news being released.
You can't actually believe anything published by Seeking Alpha. They only publish what their own agenda seeks to manipulate. Take their stories with a grain of salt.
Future outlook by investors was my reasoning for the post . Some or all might fail their objective, but this is what all four goals are. BTW I do need to correct MARA. MARA's goal is 10.37 EH by the end of 1st Quarter 2022. If any fail to meet their stated goal, their SP will suffer because of it.
"One thing is for sure, Central Banks and the IMF are not going to be sitting on their hands counting their Bitcoins over the next 18 months"
You think not, a global currency is right in their view of the world. Control over everyone is their goal. I'm sure they have a much different plan than what you or I might think.
Yeah I read that too. I think a lot of people put blinders on, and can't see what the left-wing is doing. I for one, know that they are destroying our country. But others don't. I am trying to just ignore certain aspects and concentrate on investing.
Looking at RIOT's MC that would put the SP for both BITF and HUT around $23, all things being equal
BITF announced EOY 2022 to have, 8 EH MarketCap-543.814M
HUT announced mid 2022 to have, 6 EH MarketCap-679.787M
RIOT announced EOY 2022 to have, 7.7 EH MarketCap-3.474B
MARA announced EOY 2022 to have, 10 EH MarketCap-3.053B
Now RIOT and MARA both have less Outstanding Shares than the other 2. Be that as it may. If you look at the numbers both HUT and BITF should have, at the least, 1/2 the Market Cap of RIOT, if not more than that.
Both BITF and HUT have a huge amount to climb in order to meet at least half the MC of RIOT. Undervaluation is an understatement.
Read "House of Cards" if you want to learn where all of these shares are coming from. They can create 150-300% more shares, out of the air. Post 1188 has the link. They can continue doing this for 4-6 years, before a fine is given out. The SEC does nothing to HF's except small % fines, after they make millions.
No Hobo it would not be "would it be true to say you believe in the Russiagate business?"
The Hildabeast Clinton made it all up, and the "news media" made sure to slime President Trump with her lies. I don't believe anything the DNC/ABC/NBC/CBS/CNN/MSNBC Democrats have to say. Anyone with half a brain knows enough not to believe anything they tell.
If they told me the sky was blue, I would have to go outside to check for myself. Liars lie, and no one in the "news media" can tell the truth. Pravda tells more truths than any media in the U.S. today.
After I sell my CCXI investment, hopefully FDA approval on the 7th
CCXI, I just bought shares yesterday. I like to gamble, but only as much as I can afford to lose. I plan on buying BCTX after the 7th.
I won't read Marx or any of his left-wing ideas. That is why a week or 2 ago I asked the guy on HIVE TheShadow who posted BLM. BLM is Marxist, the head of it even says that she is. He never did answer my question, if he supported Marxism. Marxism, communism is planted in American colleges and Universities to bring about the destruction of our Republic.
Bought and paid for by Russia and China. Freedom ain't free, too many great Americans have died for this country. I myself lost 3 relatives in war for our nation. I refuse to listen to the left-wing.
My 15th post of the day GLTA see ya' tomorrow
Certainly not the ordinary people. They have to be pretty imaginative in order to live under such a system. The party rulers aren't bright. Trying to force their idealogies unto others leaves them witless.
I posted the link to "House of Cards" so that investors could see that the HF's are stronger than you might think. Penalties on HF's happen 4-6 years afterward. They control both sides of any given stock, long and short. Us peons are lucky to make a dime. But don't think that shorting a stock 150%-300% isn't possible. Because they do it all the time. Please read the link it gives a lot of information on how the stock market REALLY works.
I was about to post the same thing myself, PennyStalker. Good news is always nice to hear.
Hut 8 Mining Announces Purchase of 12,000 New MicroBT Miners for Deployment by End of Q4 2021
HUT
+2.4173%
Wed, June 30, 2021, 8:44 AM·4 min read
HUT
+2.4173%
TORONTO, June 30, 2021 /PRNewswire/ - Hut 8 Mining Corp. (NASDAQ: HUT) (TSX: HUT) ("Hut 8" or the "Company"), one of North America's largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018, is pleased to provide the following corporate update. All figures are in Canadian dollars unless otherwise stated.
(CNW Group/Hut 8 Mining Corp)
(CNW Group/Hut 8 Mining Corp)
Hut 8 has executed on a $44.373 million USD purchase of 11,090 MicroBT M30S, M30S+ and M31S miners from SuperAcme Technology (Hong Kong) Limited ("SuperAcme"), representing approximately $44/Terahash. The miners are expected to be delivered starting in October 2021 and full deployment is anticipated to be complete by December 2021. This purchase complements a smaller purchase of 863 M30S+ and M30S miners made earlier this week that is expected to be delivered and fully deployed in July, 2021.
The anticipated production capacity increase with both purchases upon full deployment is expected to be 1.081 E/H, which alongside previously announced investments, should bring Hut 8's total installed capacity to approximately 2.5 E/H. The new fleet of miners is expected to make up the first operational fleet in the Company's planned 100 MW facility being developed in partnership with Validus Power.
"We are excited to have identified this unique opportunity to purchase MicroBT equipment that will enable us to almost double our hashrate before the end of the year and substantially increase the number of Bitcoins earned on a daily basis" remarked Jaime Leverton, Chief Executive Officer of Hut 8 Mining.
The 2.5 E/H installed production capacity noted above adds to the 1,600 Gigahash anticipated from the NVIDIA cryptocurrency mining processors. Given current bitcoin network dynamics, these hashrate installations are expected to increase Hut 8's current average production from 6.5 – 7.5 Bitcoin per day, to 14 – 16 Bitcoin per day based on current economic conditions.
Bitcoin Network Difficulty Update
As recently reported, with the exodus of bitcoin network hashrate from China, latest estimates suggest a sharp reduction in network difficulty on July 2, 2021, in the range of 24% to 26%. While early in the transition, it is anticipated that the reduction in network difficulty will increase Hut 8's current average self-mined production by approximately 2 Bitcoin, from 6.5 – 7.5 Bitcoin per day, to 8.5 – 9.5 Bitcoin per day, without any direct corresponding costs. After giving effect to (i) the announced hash rate expansion above (2.5 E/H plus 1600 Gigahash, expected to be in place by the end of 2021) and (ii) the anticipated reduction in network difficulty, all else being equal, Hut 8 estimates that its average daily self-mined Bitcoin will increase to 20 – 22 Bitcoin per day.
You Really Don’t Own the Shares that Appear in Your Brokerage Account; They Belong to Cede
Most investors when they buy a publicly traded stock believe that they own a part of some company. They think that somewhere there is a stock certificate or some indication of ownership that has their name on it, but this is not the case. When you buy a “stock” you are actually purchasing a security that affords certain entitlement rights related to registered stock which actual owners hold. The registered shares of a private company are directly owned by shareholders. In contrast, the registered shares of nearly all publicly traded equities are owned by Cede & Co., which is the nominee of the Depository Trust Company (DTC). (A nominee is a company whose name is given as having title to a stock, but does not receive the financial benefits of ownership.) Cede is a subsidiary of the Depository Trust Company (DTC) which is a subsidiary of the Depository Trust and Clearing Corporation (DTCC) and the DTCC is a private company owned by elite Wall Street firms and money center banks. If you need background or a refresher on DTC and DTCC, click on this link. Effectively, elite Wall Street firms and money center banks, not institutions and individual investors, own almost all of the registered shares of publicly traded companies in the US."
https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf
Shorts know what they are doing HF know how to manipulate.
So what is the Harm?
Let me anticipate and answer talking counterpoints that would be made by the DTCC, elite Wall Street firms and hedge funds who flourish in our current clearing and settlement system. I think they would point to prodigious market liquidity and cheap execution of trades. A small investor can put in a buy or sell market order for a 1000 shares of a stock and have it executed in a second and only have to pay $5 or $10. They would then say that investors still retain all of the financial benefits accorded registered shareholders and the ability to vote on corporate affairs. So they would say, isn’t that great? Yes it is great.
Here is what is not so great. We have all been sold the fiction that when we buy a stock, we have become proud owners of a great American corporation. Our investment is funding that Company and America’s growth. This is not an accurate description. As I will show in this report, we are actually involved in commodity trading of street name securities in which the trading of and record keeping is completely controlled by DTCC and the elite Wall Street firms with no transparency for outsiders. Operating in this black hole of important information they use loopholes in the clearing and settlement system administered by DTCC and loopholes in the ineffective SHO regulations to create counterfeit shares at will. They can and do expand the supply of street name securities through creating counterfeit shares to overwhelm demand and drive down the stock price.
You can see this scheme at work almost on an almost daily basis. All too often, when a Company reports approval of an important new product, the stock trades up slightly and then trades down to a lower price than before the announcement to the amazement of investors who are long the stock. The same thing can happen with achievement of a meaningful, clinical, regulatory or financial milestone. Why? Because there are hedge funds who have been shorting the stock and have huge outstanding short positions who stand to suffer huge losses if the stock price increases. In self-defense, they launch a short attack spearheaded by creating counterfeit shares arising from illegal naked shorting. The clear intent is to make good or great news appear to be badly received. Jim Cramer was a long time hedge fund manager before becoming a commentator on CNBC. In this famous interview, he fills us in on how he and other hedge funds routinely manipulated stocks.
God forbid, if a company you are invested in reaches a point that it becomes apparent that it has to raise equity. The hedge fund gang jumps in and start shorting in anticipation of an offering. The hedge funds have had great success in persuading other investors that equity offerings are bad for investors because it dilutes their shares. In most cases, this argument is total nonsense because companies are raising money to enable the completion of projects that will enable them to become successful, i.e. executing an important clinical trial, building infrastructure, etc. Raising equity to enable companies to grow is the cornerstone for our successful economic system. Claiming that equity raises are dilutive and harmful is something that Vladimir Lenin might have said.
In the vast majority of cases, the stock slides sharply when the deal is announced. For small emerging companies, the offering is then priced by Wall Street investment bankers at a 10% discount to the already distressed price and often warrants must be attached in order to attract buyers who all too often the hedge funds who have shorted the stock. Yes, I know this is illegal, but hedge fund A buys stock on an offering to cover for hedge fund B who has been shorting and they switch positions to cover the short and split the profits. This is a routine practice. In the end, this does lead to enormous share dilution, which causes untold harm to investors and emerging companies who are so important to economic growth. The winners are Wall Street and hedge fund employees and real estate brokers in the Hamptons.
Communusts just aren't that bright, IMO. They actually believe their own gov't controlled digital currency, will be accepted by other countries in the world. That it will some day surpass BTC and all other fiat currencies.
I'm sure they feel confident in stopping all the BTC miners in China. Because they are told so by their communist party. The downfall of the CCP has begun, and they can't even see it.
Thursday is the day for German funds to enter into the cyto market, hopefully starting tomorrow BTC will start improving. Of course 0 to 350 billion could be invested. when is also the question. Fund managers can plan to buy, whenever.
I know Chelsea Clinton sitting on the Board of Directors is One brain dead individual. Chimpanzees have more knowledge than that spoiled little rich brat. She couldn't get a job working at McDonalds if not for her parents.
If she is taking up any board seats, it means someone else much more qualified, isn't. Any and all decisions made by the imbecile will affect the company in dramatic fashion.
I just hope to see a lot of price movement in crypto on Thursday. I hope it will bring BTC back up and out of the basement.