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.
Found it, it is a direct quote from pg. 21 https://www.sec.gov/Archives/edgar/data/0001731805/000110465921047681/tm218977-4_f10a.htm
If Bitcoin were determined to be an investment security, the Company could be required to register as an investment company.
The SEC and its staff have taken the position that certain crypto assets fall within the definition of a “security” under the U.S. federal securities laws. Although public statements by senior officials and the staff of the SEC indicate that the SEC does not intend to take the position that Bitcoin is a security (in its current form), such statements are not official policy statements by the SEC and reflect only the speakers’ views, which are not binding on the SEC or any other agency or court. Furthermore, the SEC’s views in this area have evolved over time and it is difficult to predict the direction or timing of any continuing evolution. It is also possible that a change in the governing administration or the appointment of new SEC commissioners could substantially impact the views of the SEC and its staff.
The classification of Bitcoin as a security by the SEC could result in the Company being be deemed to be an “investment company” under the U.S. Investment Company Act. Classification as an investment company under the U.S. Investment Company Act requires registration with the SEC. If an investment company fails to register, it would have to stop doing almost all business, and its contracts would become voidable. Registration is time consuming and restrictive and would require a restructuring of the Company’s operations, and the Company would be very constrained in the kind of business it could do as a registered investment company. Further, the Company would become subject to substantial regulation concerning management, operations, transactions with affiliated persons and portfolio composition, and would need to file reports under the U.S. Investment Company Act regime. The cost of such compliance would result in the Company incurring substantial additional expenses, and the failure to register if required would have a materially adverse impact to conduct the Company’s operations.
The Company will incur increased costs as a result of being a public company in the United States, and the Company’s management will be required to devote substantial time to United States public company compliance efforts.
As a public company in the United States, the Company will incur additional legal, accounting, reporting and other expenses that the Company did not incur as a public company in Canada. The additional demands associated with being a U.S. public company may disrupt regular operations of the Company’s business by diverting the attention of some of the Company’s senior management team away from revenue-producing activities to additional management and administrative oversight, adversely affecting the Company’s ability to attract and complete business opportunities and increasing the difficulty in both retaining professionals and managing and growing the Company’s business. Any of these effects could harm the Company’s business, results of operations and financial condition.
21
I copied and pasted from the Yahoo message board, All I can say is try to find it in EDGAR. I looked but couldn't find it. Hopefully 10bagger was accurate in his message.
It would be great if the valuation, matched the SP. With an up listing to the NASDAQ, hopefully it will, get a SP to match with the valuation. Today's SP is nowhere even close to matching. After the stellar EOY earnings report, Hut should be triple where it stands at today.
From 10bagger on Yahoo message board
This is from the forms filed yesterday.. Up listing hints in plain sight:
The Company will incur increased costs as a result of being a public company in the United States, and the
Company's management will be required to devote substantial time to United States public company
compliance efforts.
As a public company in the United States, the Company will incur additional legal, accounting, reporting and other
expenses that the Company did not incur as a public company in Canada. The additional demands associated with
being a U.S. public company may disrupt regular operations of the Company's business by diverting the attention of
some of the Company's senior management team away from revenue-producing activities to additional management
and administrative oversight
Saw that on the Yahoo message board. I really can't believe it though, at least not yet. Not until Riot and Mara, reach those heights 1st. They both have the lead over all BTC miners.
Hoping to hear next week, that Bitfarms files a new F-10A form. Both HUT8 and Bitfarms filed a shelf prospectus with their being a 2-3 day difference in 2 the filings. Hut just amended theirs, now its Bitfarms turn.
Well, it is crypto. Dilution is actually better than selling BTC. The real news though is the F-10A. Everyone is predicting the up listing next week, because of the F-10A, previous up listings of other companies did the same.
I can only hope, that the rumors are true. Wait and see is the only option, for me. If not very soon, then soon all the same. That F10-A means a lot
Dilution offering today, $396.6 million in its latest securities offering. Already took a beating yesterday.
What spac are you referring to ?
Big move up today, and with more volume.
I would think that an awful lot of the delay in up listing to the NASDAQ, can be attributed to the Chinese flu. I could be wrong, but my assumption is, that too many personnel are staying home and are not at work. Backlogging a lot of companies.
It's good to see the volume has picked up some.
The NASDAQ, I thought that it fell under the SEC. Just looked it up to find out since 2000 it has been a public company. MY bad, patience is wearing thin.
Nobody sold yet. Just patiently waiting on news. The waiting game for news, from a gov't organization can seem to be endless. No gov't agency is known for being fast, or efficient. So WE WAIT!
Shorty gotta short. Gonna loose your shirt on this bet shorty. BTC is going up, and RIOT, and all crypto stocks with it.
Patience, grasshopper, patience.
“No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”
Warren Buffett
I agree, a bit delayed. MARA has at least 30 million OS more. I currently own HUT8, Bitfarms and ARGO. Planning on buying, whoever might be the front runner in BTC mining. Whenever one of my 3 reaches the NASDAQ.
But, looking at what could happen in a bear market, if too much was paid for high priced mining machines. Too many miners bought in the bull market, may not work out as well in a bear market.
I'm seeing a 1.06 EH hash rate not a 1.3 EH like I posted earlier. That is why the lower BTC mined per day, than I presumed, cited in your last post
I see 1,175 BTC listed on Bitcoin Treasuries, how close to accurate is that? It shows MARA with 5,067, I know currently MARA has a lower hash rate. I'm not one for believing in their promotion of 10 EH in the near future. Dilution also maybe a problem with them. In comparison I'm thinking RIOT is the better long term buy. Thoughts?
Thinking about investing into RIOT soon. Question, how much BTC does RIOT currently have. What amount are they mining per day . I'm guessing 8 BTC with 1.3 EH is that correct?
Just a question twister, how do you see this horse race developing? My thoughts are:
1st- HUT8
2nd- Bitfarms
3rd- Argo
4th- HIVE
Just my take on it, of course I can be completely wrong, knowing how our Gov't operates.
With the new NVIDIA CMP miners, HUT is now going into the ethereum mining business. Great to see diversification. I know HIVE has made a lot of $ with ethereum, I hope HUT does as well, they should.
Cannot wait for a NASDAQ up listing. Too many shorts on TSX and OTC. Not enough longs to push miners up to where their true valuation is.
To keep all of the twitter NAZIS in check.
Btc cost was higher, yes. But, it will take a long time to catch up. Todays #'s for BTC daily production are 8 per day for BFARF , 6.8 per day for HUT . Bitfarms currently is only gaining on HUT by 1.2 BTC per day.
HUT has 3233 BTC whereas BFARF has 489 BTC. That to me is a lot of catching up to do. So, why not own both, instead.
I don't know if we are the leader. I can't pick between BFARF or HUT. So I tried to invest in equal amounts of shares in both. With 9% left over on Argo. My thinking is, whoever up lists 1st, My plan is to put margin $ in for the 2nd place winner. Fidelity won't allow margin on OTC listed stocks.
Good morning Stacker. Any thoughts on yesterday's ER.
Good news this morning from HUT. HUT is buying more mining rigs, without having any dilution of shares. They have 30 million US., but not for mining BTC. Diversifying by mining other crypto currency.
TORONTO, March 26, 2021 /CNW/ - Hut 8 Mining Corp. (TSX: HUT) ("Hut 8") has executed on a purchase of $30 million USD of NVIDIA CMPs, which will be delivered starting in May 2021, with full deployment expected to be completed this summer.
Hut 8 Mining Corp Logo (CNW Group/Hut 8 Mining Corp)
Hut 8 Mining Corp Logo (CNW Group/Hut 8 Mining Corp)
The addition of the NVIDIA CMPs is set to dramatically increase Hut 8's aggregate operating rate by approximately 1600 Gigahash. Hut 8 will use the NVIDIA CMPs to mine alternative blockchain networks and expand its mining business while maintaining the benefit of payouts in Bitcoin.
With this bold move, Hut 8 now has the opportunity to pursue additional computationally intensive applications in the high-performance computing space. This transaction serves to strengthen Hut 8's initiative to increase revenue diversification and drive immediate short- and long-term revenue growth objectives forward in FY 2021.
"The adoption and the development of applications interacting with various blockchain networks have never been stronger, opening many possibilities across a variety of industries," said Jaime Leverton, CEO of Hut 8. "We are incredibly excited to have these high performance CMPs in our fleet. We believe mining with CMPs will open up new opportunities for Hut 8 and will allow us to continue to execute on our long- and short-term plans for increased and diversified revenue streams."
Nice video, thanks. All sorts of predictions this year. I'm just HODL'ing and biding my time.
Volume: 23,584 for RocketFuel Blockchain (RKFL
I think I'll wait, sounds interesting though.
If you actually believe this "But in every story there is a hint of truth" Then I have some prime swamp land in Florida, maybe you should buy.
Truth in media is a misnomer. It can only happen if a mistake is made. Promoting a Left-wing agenda far exceeds any need for the truth, by the media.
Again, the article is nothing more than CLICK BAIT
Barami, I just watched the video you posted. Nowhere in the video did I hear Powell or Yellen say anything about BTC. and nothing about banning ANY digital currency
What I heard was them discussing the US, moving into having a digital currency. A 2 tiered system "and the need for a National Digital Tracking ID system." So that our gov't can keep track of how we spend our money. Making sure all of us, little people, are taxed properly.
But , the "journalist" predicated his whole story (CLICK BAIT) on the title "Fed Chair and Treasury Sec Call For End of Bitcoin and National Digital Tracking ID" and you believed it.
Infowars hires from the same schools of thought (Colubia U.} as do all of the other media organizations. Same as NBC, CBS, ABC, MSNLSD or the Clinton News Network
Then sell scared, because you believe what the lying media tells you. I'm HODL'ing and planning on making lots of $$$. Because I know, not to believe the lying "journalist"
Sell all of your XRP too. You can't short it so you may as well sell it. I'll HODL and keep doubling my $$$ monthly and keep buying BTC related stocks
If you believe the media, then you must also believe that Slo Joe actually won the election. The media tells us so, but don't post on twitter or facebook that you believe it was rigged. oh no couldn't be. According to our Elites in the media. They would never lie, would they?
BTC isn't dumping. Look back to March 1, when BTC was at 45K-49k. Yes, March has normally been a bad month for BTC, but not this month. We are still up so far. Not as much as the 36.8% increase in Feb., or the 14.2% in Jan. but I think we're doing pretty good for a normally bad month.
Just picked up 124 more for $6.48. Prices this low you won't see again. Buy the dip if you can. GLTA
Since when did "journalist " give hoot about accuracy? All they ever do anymore, is promote whatever left-wing agenda that pops up on twitter.
Today's left-wing talking point is how all those terrible crypto miners are using up all of the electricity and contributing to global warming, AKA climate change. Or whatever else the lunatics from the twitter asylum want to call it.
All I'm saying is, that you cannot believe anything they tell you. Lies, Lies and statistics (phony), to promote their agenda. Don't believe what you hear from any "journalist"
I'm Ok with that. I own both and I want both to succeed. But, I still didn't like Bitfarms earnings report, unimpressive.
BITFARMS LTD ( BFARF
- QTRLY NET LOSS PER SHARE - DILUTED $0.06 Source text for Eikon: Further company coverage
100% Agreed
The reason it does matter, is that profits from the 1st, can be used to invest in the other 2 or 3