Post by
chucker23 on Nov 12, 2020 5:22pm
Growth
Trying to rack my brain on the growth of Hut. No I don't have the patience for balance sheets. I try to keep things simple - bitcoined mined, operating expenses, growth.
For me I picked Hut because it looked like the best company out of MARA, RIOT, Hive etc for immediate growth, considering most of Hut's hardware is up an running or incoming before the end of the year. Whereas RIOT & MARA have spent a ton of dough on hardware that won't be up and running until the end of 2021. Which means the hasrate will have increased exponentially by then. Making mining even more difficult.
To be honest I was expecting a much improved balance sheet (generally speaking) than what we got. I see improvements like hosting revenue (pleasant surprise). But to be honest Im more focused on bitcoin mined. I can't completely decipher how much bitcoin was mined in this recent quarter. The 2851 of bitcoin holding is awesome but that will slowly get picked away for debt repayment if it isn't offset by futured mined coins.
Great they got more power coming online end of Nov. But where are they going from here? Yes new CEO but others are ramping up hashrates not boardrooms.
Not selling only questioning. In the tech industry you either match pace with growth and innovation or you join the Blockbusters of the world.
Comment by
LiveStreamss on Nov 13, 2020 12:23am
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Comment by
seter99 on Nov 13, 2020 10:36am
Trying to rack my brain on the growth of Hut. No I don't have the patience for balance sheets. I try to keep things simple - bitcoined mined, Anyone can find # of bitcoin mineed in Q3?
Comment by
Kruithof on Nov 14, 2020 1:39am
This was a bit of a transitional period having to install the new equipment at the same time as mining
Comment by
Kruithof on Nov 14, 2020 1:41am
But how many bitcoin did they mine in q3?