The real mining that is most profitable is selling shares.
On paper and company representation these HUT dudes are tops,
RIOT for example are humble and on paper they have less mining rate, less of a Bitcoin stash,, they never made a profit but their market cap runs 7 to 10 times of hut's.
Hut is seeking to issue up to 500 million shares because they know that is where the real money and mining is; people's pockets, l can't figure why else?. Nice concept, for me it signals to bailout, a certain smell I don't like.