RE:RE:Only part of the story?Hello Mr/Mrs Aaa173.......Welcome to SH
Aaa173 wrote:
"They have extended the loan with Coinbase to another year - per SEC filing today"
IF this is so.....and accurate, then it's QUITE a coincidence that it was done ALL at the same time in conjuction. And i don't believe in co-incindences btw.....8). But i guess it's all around good news that they've "resoved" & extended the Coinbase loan & added to it.......with this recent financing. I guess one more issue out of the way....is the way i look at it.
"Should we sell especially with the news on peak? Thank you for the update!"
Np friend....my pleasure! As for advice on whether to sell or not, this is MY opinion on the current situation. First, i still think/believe that HUT is one of the very few truly undervalued Bitcoin miners out there. At current pricing US btw. With a stack of ~9K coins on their BS......which i hope is STILL the case still intact btw......it gives them ENORMOUS leverage not only tp the price of Bitcoin but also in the general market with investors and a distict advantage on those who do not. That's for starters.....
Secondly, they have several REDhot "Irons in the Fire"........ready to be taken out & deployed at anytime now. Sure their current mining operations & hashrate is in the dumps and has much to be desired....but the good news is that .....THAT could change overnight with a snap of a finger & a simple purchase order for more & NEWER machines. Like i mentioned before, they could TRIPLE their hashrate ....instantly.....without ANY new acquisitions for power.generation....and by just replacing older miners.
And then THIRDLY.....there's all the rest of the goodiesin the bag of Hut8. Which i don't have the time to explain to you or mention all ...right now. But i guess you get the picture by now. Also, if you've read my previous posts on here, and viewed my rating of the (BEST) miners, you will notice i have Hut8 not only in the Top 3....constantly... overall.....BUT......also have them as ONE of the most severely undervalued ones...for some time.The only other who comes close is Riot, and it's a distant 2nd btw. And those are MY ONLY two holdings in this space right now. Everyone else is either grossly overvalued....for whatt hey have... OR insignificant....or both.
So sell? DEFINITELY NOT my friend......NOT at this time anyway and NOT until the company's shares at the very least double from here......in American bucks btw....8)........and even then they might still be undervalued....IF some things come to fruition. So now is NOT the time to sell BUT the time to BUY if you have money to play with.....And if i was an investor in this sector, invested in other miners.....i would dump those (aside from maybe Riot!) and put into HUT8.
Hope this helps you & makes things more clear.......GL
GLTA