Cashflow concernsFrom their cash burn rate i have Hut running out of cash in 5 weeks. With their HODL strategy that leaves only two options; 1) Raise capital on the market which is unlikely in the current environment 2) They issue shares which they have approval to issue up to $200 milion worth of shares.
How do people see this playing out? My guess is they will be forced to issue 50,000,000 shares in the next couple of weeks at a price in the range of $1.50- 1.75. That will obviously be dilutive to everyone and in theory the share price would drop by that 25% of the additional shares issued.
I'm surprised i haven't seen anyone posting about this yet? Am i missing something here?