Hut 8 Corp HUT

Hut 8 Mining Conducts $77.5 Million Financing

[AwareInvestor]

Money continues to flow into the cryptocurrency sector this morning, with Hut 8 Mining Corp announcing that it has secured a $77.5 million private placement with institutional investors. The placement is to take place at a price of $5.00 per unit, with the closing of the financing to take place in short order.

https://thedeepdive.ca/hut-8-mining-conducts-77-5-million-financing/

[tictactoe111]

Whenever a placement is done the placement price is an indicator of what the price, roughly, should be trading at, with the half warrant being the no risk icing on the cake for the participants. Crypto extreme fomo has carried btc to great heights but I think a flush back to 20k is on the cards. I think gold will turn first this time around.

[tictactoe111]

If the price fluctuates much below the placing price be mindful that there may be an exit clause activated where the participants have a window to withdraw done deal status. I'm not saying that it's there on this deal, but it could be. The fund financing this has now gone from hero to zero overnight.

[SecondLast]

hahaha it won't happen, that's ridiculous, thanks for the laugh