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Chelsea Clinton Board member. I didn't know if anyone has said it, but Chelsea Clinton is known to hold $7 million in shares. Her mommy and daddy put her on the board in 2017. Article doesn't say how much Bill and the Hildebeast own.
https://freebeacon.com/democrats/chelsea-clinton-sits-on-board-of-company-accused-of-defrauding-investors/
Why would anyone want to help the scum Clinton's out?
Up to 350 billion $ to enter into the crypto market, from Germany, via a new European Union directive. Takes effect this Thursday from a new law passed earlier this year.
https://i.redd.it/i0ijz4l0f8871.jpg
I am interested in CCXI, but I couldn't buy any with my Hut losses. July 7, they are up for approval by the FDA, for their drug, Avacopan . I also like BCTX,they have a high short volume on their cancer drug. A very promising cancer drug.
I don't hold any alt coins, even more volatile than BTC.
Fidelity has a 100% margin requirment on HUT still. So I couldn't use margin to invest with either.
I'm actually up in my crypto investments. I sold a lot of stocks that I made 50-100% profit on. MSTR was a big winner of mine, as well as ARGO and BITF. That being said my only loser in crypto has been HUT. I had the highest of hope in HUT, only to lose all of that , slowly, over the last 3 months.
I am trying to regain my hope in HUT, time will tell. If not I can always sell at a loss and reinvest into some pharmaceutical stocks. The volatlity in crypto can drive anyone insane. GLTY Hobo
I remember buying a couple hundred shares when it dipped into the $7 region. What a fool I was.
8700 shares at $6.49 avg. Yeah down plenty.
Just like MARA and RIOT, it's going to take time for the volume and SP to increase. Same goes for BITF, hopefully in August, we'll start seeing some good price and volume movement
Wow, that's a big dump. It's going to take a long time to dispose of 23 mil.
How big a dump was it? 200K?
Hydroelectric, wonder why I never saw it mentioned. Well then, all of the global warming Nazies will have nothing to beotch about then. Setting up shop right next to it, must be in a distant location from any nearby city then.
If we're lucky, maybe only have 22 million left to dump. You can be sure 1st thing tomorrow at the opening bell, they're ready to continue with the dumping.
Woohoo, HODL means forever!!!
/sarc
BITF never did say what the power plant operated on. Coal, Natty gas, Geothermal. But if it was a renewable source it would have been broadcast across the globe, by them. So, probably not. But El Salvadore does look like a great place to set up shop, if the infrastructure is there. If not it wouldn't be worth it.
Infrastructure could be a problem. 3rd world nation. But I thought you were against BITF moving older rigs down to Argentina, because of the cheap electrical costs. Why have you changed your stance? You like El Salvador, but not Argentina. Infrastructure in Argentina isn't a problem. Right next door to the power plant.
Power should come from all places, not just renewable energy. I don't fall for all the global warming crap.
That would be no different than the miners in Texas, Montana and NY. Unless you mean the Md. state gov't. Selling the S19 miners for profit is my guess. Selling them 1 at a time on Ebay. I don't think it would take long to sell 200
It is only about 200 mining machines. So who knows what the buyer is doing with them. Maybe put 'em on his yacht and cruise on down to El Salvador. Or sell all of them and make a nice profit?
Setting up shop in Md. would be a dumb move for any investor.Expensive to operate, paying electricity costs in Md.
You might want to add 1 more state to your list, Maryland.
https://www.zerohedge.com/crypto/chinese-crypto-miner-airlifts-bitcoin-mining-operation-maryland-amid-crackdown
"Estimates about 526,000 S19 machines in China have been switched off, which means about 80,000 metric tons of mining equipment could be ready for shipment to more friendly crypto overseas regions."
I thought the reason behind it was, they are planning on using their own fiat currency digitally. Creating their own Chinese block chain coin. Of course being based on their fiat currency you will have manipulation by the communist Chinese government.
https://theconversation.com/chinas-digital-currency-could-be-the-future-of-money-but-does-it-threaten-global-stability-160560
It's not going down to $1. This is Futures expiration week, whales will short BTC til Friday 12:00. After that crypto will rise again. Just sit tight and hold on.
Hut's shack will need a new Company logo. Maybe a shack with a half moon cut out on the door. That would be befitting for them. With Jaime peaking out the hole. lol
ok, you're right, I went to YAHOO bad move by me.
Isn't BITF stopped right now?
Fidelity, I clicked on Hut in positions. It opens and and shows options, right next to set exit plan.Click the options tab and a new screen appears.
Hut is , of course down. I really hate Jaime Leverton. Worse damn CEO ever.
Option trading is finally available for Hut. I'm trying to sell covered calls, no buyers is a problem though.. I still don't see any margin available for owning Hut . that sucks since I sold all of my other miners prior to Hut up listing, big mistake.
They can't do any worse than Hut. I think this will be a good day for BITF
lol, spell check really sucks sometimes. Waiting on news from the Naz.
Rumor has it that option trading begins Monday. I hope so, need all the help we can get.
Announcement?? STARTING JUNE 28TH @Hut8Mining will be hosting a live AMA on #TwitterSpaces with the management team at 4:30EST, and on the first Monday of every month after that. MARK YOUR CALENDARS??? @JaimeLeverton @BeingTMW @KiteVC
Again Yada,Yada,Yada
Jaime knows now she f***ed up big time and realizes she has to fix it. She can't, replacing her with a more qualified CEO, is the only answer. Until she is removed she will continue screwing over the company and share holders with her BAD decisions.
Sue Ennis is on Twitter stated "You will have guidance by next week"
Yada Yada Yada
Not much help.
"Eventually, a new whipping boy will take HUT's place as "the worst run miner in all of crypto".
They're going to be hard to beat. lol
Thank you for your honest answer. I've already stated my perdicament, and I am not happy with the decisions made by management. GLTY
How much are you up on this stock ? My guess is that you aren't. I can also guess that % wise you're not as far down as most. too. Can I ask you a question. How much $ are you currently down.
All of the miners are down because of BTC. That being said, it's going to take a lot longer to unload those 23 million shares. Who knows HOW LONG this will drag out!
But no I don't think it can fall to $1. Hut still holds over 3200 BTC. It's only saving grace at the moment. Let's hope that BTC doesn't correct too far down.
No one is saying they are dumping their shares for less than what they paid for. I would think that most of the shares being sold for less than $5 CAD-$4.07 US, are bag holders like us. They accepted their losses and feel that their investment is going nowhere but down. And are looking for better investments elsewhere.
I wish I could do that but my losses are too great. I am over a 50% loss currently -23K. With no improvement in sight. Taking a loss now I hate to think about.
The dilution has created a ceiling that shares cannot trade higher than. Until all 23 million shares are sold we will go no higher than $5 CAD.But Hut can still continue on it's downward trajectory. Shorts are having a field day with this. Last I looked it was at 61% volume. Because they know that a 23 million $ ceiling will protect their short investment.
I agree with both of your posts. The astonishingly high number of shares, of Hive isn't good. But as long as Frank doesn't dilute a day before the up listing I think the SP will surpass Hut's. Bitfarm already has and still isn't even on the Naz yet.
Being on the highest tier of the Naz, hasn't helped Hut any. So I really don't think which tier of the Naz you list on is relevent, yet. It will matter later on just not at the moment, IMO.
Only 2 will be in the race, the other lagging FARRRRRRRR behind. Hive and Bitfarms both have better CEO's. Jaime Leverton is not in the same league as the other 2. She would be in single A ball, while the others are ready for the Pro's.
Smart CEO, Jaime Leverton, you have got to be kidding. Wait and see when Hive and Bitfams go on the Nasdaq, see which way the SP goes. Then we'll see how smart Jaime is. I'm betting dollars to donuts, both go up above whatever SP Hut will be at.
I, myself, am under the beleif, that a smart CEO would have waited on the dilution. Until the SP was fully implemented on the Nasdaq. By waiting they could have sold less shares for more $, and less dilution.
That's why I voted against it in the proxy. I knew my vote didn't matter. Knowing it was no different than the election last Nov. But I did want to show that not all shareholders were happy with it.
THEY SHOULD HAVE WAITED. At least 2 weeks after the up listing. That way they would have garnered more private investors. I think now retail investors are all scared, after what just took place. Now current stock holders are all left holding the bag and want to sell as quickly as they can. The SP will take an even longer time to recover.
Move to Texas, maybe some will. I would think that the miners would have to move all over the world. They have what, 50% of the mining rigs, currently.
I know Hut was talking about a 25% hosting agreement, and purchasing miners as well.
But I think the place for them to move to might be El Salvador. If their infastructure can handle such a move. They have the geothermal energy from the volcanoes, but do they have a good internet system, that works.
Time will tell, I just hope they take their time, so that American and Canadian miners can reap, the profits, from their demise.
They didn't hire anyone, to help with the up listing? That's just sheer negligence, combined with stupidity, to me.
I think it's because of the dilution. Someone needs to sell about 23 million shares. The warrants too. I think the pain is gonna last until the new shares are gobbled up. Soooo we might have a long wait.
"the Company issued an aggregate of 23,000,000 units of the Company (the "Units") at a price of C$5.00 per Unit for gross proceeds to the Company of C$115,000,000.00 (the "Offering"), which includes 3,000,000 Units issued with the full exercise of the over-allotment option granted to the Underwriters (as defined below)."
http://crweworld.com/article/news-provided-by-pr-newswire/2032160/hut-8-mining-announces-closing-of-previously-announced-bought-deal-public-offering-and-listing-of-common-shares-on-nasdaq
Whoever they hired for the up listing process, is 1st in line for taking blame, to me. IMO
40FR12B/A filed today. Hive is next in line to up list.
https://www.sec.gov/edgar/search/#/ciks=0001720424&entityName=HIVE%2520Blockchain%2520Technologies%2520Ltd.%2520(HBTL%252C%2520HVBTF)%2520(CIK%25200001720424)
Still don't know about DTC requirement, if it is approved yet.
Trading under the ticker symbol HBTL