RE:RE:RE:RE:Earnings releasedLuckykey wrote: Read your own chart?! Helps to actual read my words too...
From Oct to Apr difficulty went up 10%, and has rate went up by about 15%. In bitcoin terms, that's nothing. I posted about this months ago, with all the math available in my postings...open your eyes and go back and read.
HUT8 should've made a large increase in their bitcoin position over that 6 month period, instead, they went from 3500 Bitcoins last October to less than 3000 now. Read their financials from last October.
As I said, unfortunately, grim road ahead for HUT 8.
They also went from q2 2700 bitcoin to q3 3500. Doesnt make sense too cherry pick dates. They paid $7M to expand. https://hut8mining.com/hut-8-mining-announces-closing-of-drumheller-expansion If you have concerns they just had their call and you can call in next time and ask. Currently they are testing a lot of different equipment to upgrade. Hut will be fine. They can survive quite a long time. Most of their costs are variable.