Harriet HUT or BITF Bigfoot?Sounds like a possible WWF main feature wrestling match right? LOL. And you know what? It well could be.....
This isn't really a question i'm asking looking for answers, but it's probably a VERY big question many investors are asking themselves in order to hop onto the crypto bandwagon once again and get a piece of the delicious Bitcoin apple pie everyone so desperately wants.
Before anyone answers this, please note that i don't think either is at the number one spot at this very moment. In my book, in my humble opinion, i think that HIVE or Cleanspark deserves that prestigous crown & title. BUT IF folks aren't really interested in Hive/CLSK or have something against those companies, who could possibly be second best or the next choices?
Well, NOT many alternatives after HIVE/CLSK. You bascially have HUT or BITF. The rest of the remaining Bitcoin miners either are very risky & finacially unstable, too small to matter or on the verge complete failure. In all these cases, the risks just far outweight the rewards. So if one is to put down some hard earned cash on either HUT or Bitf, who shall it be?
Well, let's look at the numbers. HUT has ~230M o/s shares and is currently producing just under ~200 coins per month with a hashing rate of 2.5EX, holding about ~9000 coins in inventory. Any Negatives? Yes. They have some debt, not much to matter as far as i'm concerned. Their biggest issue atm, is the current stagnation in their hash rate, which has been has been cut by 1/3 for the forseeable future because of a legal conflict with their energy provider. This is going to the courts, so good luck for any resolution on that front for at least one year.
As for BITF, They also have about ~230M shares o/s, producing about ~500 coins per month with a rate of about 4.5EX hash. Their HODL is almost non existant holding only barely 500 coins. As for negatives, they have 2X or 3X the debt that HUT has and their liquidity situation not as strong, solid or fluid as HUT. Their biggest issue is just that, liquidity & controlling costs. Their prodcution seems to be growing at a rate that's above the indsutry average, but it's not coming without a cost to them and s/h.
So after all that, who should investors place their bet & monies on? Harriet or Bigfoot?
Personally, i strongly suggest investors consider Hive or Cleanspark first, but if neither of those two is your cup of tea, then either Hut or Bitf will do just fine IF Bitcoin continues on its run. Each of these two companies have their strengths & weaknesses, and you'll have to decide between growth or stability and which more important for you.
GLTA