RE:Hut production is very poor I can see your point about the dillutive effect of raising money at these prices (oops sorry IF they dilute at these prices and how much). ATM offering always has limits on how much can be done and they don't even have to do as much as they're allowed. However , their HODL policy could end up looking a lot better when we can on another inevitable bull run. They may not be major miners volume wise , but keeping it all can easily make up for that at higher prices. Also I'd imagine the raising of funds to fund their growth means more revs (data storage) and/or higher mining capacity.
Meanwhile I go on the "other board" and see you posting there how much they've mined in the first 8 months of this year. Yeah it's pretty impressive capacity, but loses some of its shine when they've liquidated almost half their holdings this summer to finance operations . Yes that's non dillutive but it is an asset sell off at ridiculous low levels so there's no clear argument which is better.
im no expert at crypto market or mining so I'm not saying I have the right answer. What I am saying is that your posts seem to show that you're more into that other mining company. Maybe if you're not happy here you should stick to posting on that board?