Post by
CryptoFollower on Nov 11, 2020 10:56am
Financials tomorrow
Should be a good one with current BTC price.
Comment by
CannaBaked on Nov 11, 2020 12:54pm
Looks like we're seeing our V shape recovery too! Cheers and hold strong!
Comment by
LiveStreamss on Nov 12, 2020 1:27am
This post has been removed in accordance with Community Policy
Comment by
Johnny0081 on Nov 12, 2020 8:24am
Financials are expecting using the old hardware but with the current bitcoin price 50% higher they are in profit with mining with old hardware. Now with the new hardware costs will drop significantly and they can continue to save bitcoin. They still hold over 2800 so they managed well and can enjoy the rise to ath. I like they are taking some revenue for hosting.
Comment by
chucker23 on Nov 12, 2020 8:33am
Hey J81, Where are you are finding that they hold 2800 bitcoin? If my numbers don't fail me that's worth about 44 million? Correct?
Comment by
Johnny0081 on Nov 12, 2020 10:03am
Hey, its in their financials page 14 https://hut8mining.com/wp-content/uploads/2020/11/Hut-8-FS-Q3-2020-v3.pdf Actually $57M canadian.
Comment by
monarka on Nov 12, 2020 10:16am
Im confused , Im not good with finacials , question .. do i buy more now or wait for more of a dip .
Comment by
chucker23 on Nov 12, 2020 5:04pm
Great thanks! I skimmed the doc so probably missed it - but how many bitcoin did they mine this quarter?