RE:Answer to why Hut 8 borrowed to buy the Miners...The assumption here is the dollars used to buy the equipment will devalue against bitcoin during the loan term. If they didn't believe that then they are in the wrong business and investors are buying the wrong stock.
It's the equivalent of buying BTC on your credit card. Which honestly for a mining company stock is exactly what I am looking for. I want to take a big risk and be able to do it through my TFSA.
It's not for everybody but this is exactly what I want to see HUT do. Love it. Get more equipment now!
If I thought the dollar was going up over the next 12 months I wouldn't be looking for BTC mining companies to buy stock in.