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It should hold around $5 at least. (IMO)
Also shares bought.
You are welcome.
Today: "We continue to believe GBTC maintains a competitive advantage as the world's largest Bitcoin fund, and appreciate that GBTC has recognized the need to take meaningful steps that are aligned with stockholder value creation and ensuring the best path forward."
https://finance.yahoo.com/news/marlton-issues-statement-regarding-grayscale-151000711.html
Today: "We continue to believe GBTC maintains a competitive advantage as the world's largest Bitcoin fund, and appreciate that GBTC has recognized the need to take meaningful steps that are aligned with stockholder value creation and ensuring the best path forward."
https://finance.yahoo.com/news/marlton-issues-statement-regarding-grayscale-151000711.html
Yeah we all go through that. LOL
Yes agree.
Agree
Yes agree.
No AF. Just my gut. LOL
Breaking resistance is a good sign if it holds?
ITRM FDA approval imminent.
FDA approval is imminent.
This is a bargain IMO at $1.20
I agree on the $40 possible support level.
This looks good
HUTMF-Bitcoin play nice earnings report.
Hut 8 Fiscal 2020 Earnings Release: 246% increase in Working Capital, $40.7M in Total Revenue, 87% Y.O.Y Increase in Net Income Before Tax
https://finance.yahoo.com/news/hut-8-fiscal-2020-earnings-110000057.html
Thu, March 25, 2021, 7:00 AM
The company released its 2020 Fiscal year-end results along with an updated bitcoin balance for March 24, 2021.
TORONTO, March 25, 2021 /CNW/ - Hut 8 Mining Corp. (TSX: HUT), one of North America's oldest, largest and most innovative bitcoin miners, today announced financial results for year ended December 31, 2020.
Hut 8 also announces that as at 5pm ET on March 24, 2021, their bitcoin balance was 3,233, a 17% increase from the December 31, 2020 balance.
Fiscal 2020 Results (compared to Fiscal 2019):
Total revenue was $40.7m in 2020 compared to $82.0m in 2019.
Working capital as at December 31, 2020 was $75.7 million, a 246% increase from the prior year working capital amount of $21.9 million.
Site operating costs for Fiscal 2020 were $39.7m from the prior year of $45.4m.
Expenses of $3.4m in Fiscal 2020 were reduced by 45% from $6.1m.
Realized and unrealized gain of $77.2m.
Adjusted EBITDA of $1.4m in Q4-2020; however, negative Adjusted EBITDA of $2.1m for 2020
Net income before tax increased by 87% to $4.0 million from the prior year net income of $2.1 million.
Hut 8 recognized a $15 million deferred income tax recovery which had a net zero effect as there was an offsetting amount recognized against the unrealized gain of $60.7 million through the equity section of Hut 8's balance sheet. This resulted in net income of $19.0 million
Fiscal 2020 Business Highlights:
Management of site operations transferred to Hut 8 from Bitfury.
Purchase of 300 PH/s of bitcoin mining equipment, all of which has been successfully installed and running.
Hut 8 became the first company to successfully enter and exit the TSX Sandbox, solidifying its place as a TSX issuer.
Fiscal 2021 Business Highlights:
Hut 8 fully repaid its US$20m Genesis Global Capital loan with all bitcoin collateral returned to Hut 8.
Hut 8 secured an additional 5,400 M30S miners consisting of 475 PH/s, 400 of which have been successfully installed with the remaining to be delivered every month through to by July 2021.
Hut 8 achieved its goal of 1.0 EH/s in early January and is on track to reaching 1.3 EH/s by the Second Quarter of Fiscal 2021.
Hut 8 established a yield account with Genesis capital where it is earning 4% in interest per annum on 1,000 bitcoin.
"The global strength of our Company and mining operations has enabled us to hold the highest amount of self-mined bitcoin on balance sheet of any publicly traded company in the world despite a difficult year for bitcoin miners across the industry," said Jaime Leverton, Hut 8 CEO. "Now, with a new leadership team, increased revenue diversification and one of the largest amounts of installed capacity actively mining during this current period of highly profitable mining economics, I am incredibly optimistic about Hut 8's prospects for the future."
COVID-19
Hut 8 has had minimal impact on its ongoing operation; however, all staff have taken precautionary measures to minimize the spread of the COVID-19 virus.
https://finance.yahoo.com/news/hut-8-fiscal-2020-earnings-110000057.html
Ok sounds good so far. Thanks
Thanks and earnings tomorrow huh?
What is the uplist date? I am new to the board and the stock.
Hi all. New shareholder.
Hi all, new here. I like the chart.
Ok thanks
Thanks for that link. Pretty amazing stuff!
SSC What is your prediction for the future price of ERHE?
I was a former shareholder about 12 years ago and while I am back to the board again as my son is in it, I am not back in the stock as of yet. But I see that you and Krom disagree and I am certain you would not waste your time here unless you had shares and a belief that ERHE would still go up.
So while $8 does seem a bit outrageous, what is your best guesstimate? I didn't go back and read many messages, but just enough to get the idea that you and Krom have different views.
So if you can please share?
Thanks
Ray
Yes indeed. Thanks
And 4) "former" shareholders. LOL
Hey Krom.....it's me. LOL Remember me? Yankemike's Dad.
Good stuff from you as I always remembered. Very well thought out and very well presented to this board, using the immense knowledge that you possess on ERHE. The board I am sure realizes they are lucky to have you as a guiding light through a decade of darkness it seems. LOL I did see the light and I did do well in some of those crazy years. And now a new start it seems?
$8.00 seems a long shot to say the least, but after all this time with this company somehow still surviving, I guess anything could be possible?
Good luck to all and nice being able to connect with an old friend.
Ray
Yeah strange indeed
GBTC 8% RIOT 31% - big bitcoin day
Feel free to give a YEEEEHAW LOL
Thanks for the welcome and the info also. Yes I like having nothing to wait for like earnings, approvals, trials, etc. Just watching the progress of a new technology in our world, and hoping to gain some money along the way.
Yeah I wish. LOL But she is a wonder so far.