Bullboard - Stock Discussion Forum Hut 8 Corp HUT

Alternate Symbol(s): T.HUT

Hut 8 Corp. is a data mining company. The Company is a vertically integrated operator of large-scale energy infrastructure and bitcoin miner. The Company acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads, such as bitcoin mining, high performance computing, and artificial intelligence (AI). The Company operates through four business segments... see more

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NDAQ:HUT - Post Discussion

Hut 8 Corp > NO BRAINER

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Post by bidoux67 on Feb 15, 2021 9:03am

NO BRAINER

Just been thinking...HUT has earnings coming out next month...lots of cash on hand...new equipment being set up...potential for Nasdaq listing in the near future...btc on the rise...not sure if I am missing something but it seems like investing in HUT right now is an easy decision no?

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Comment by LeJames on Feb 15, 2021 9:14am

It's rare for a tech company to have no debt and have significant amounts of cash on hand. If Q4 is as good as expected, $80 is no joke. Cheers

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Comment by joecancer on Feb 15, 2021 9:57am

My only hesitancy is the same concern I see with all the miners- that they do great in a bull market but can tank when the bitcoin price goes down. Ideally, I'd like to buy a stock with the thought of holding it at least a year. From what I've read, HUT8 plans to hodl on to its stash of bitcoins rather than selling unlike some of the other miners. Does that make this more ...more

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Comment by LeJames on Feb 15, 2021 10:14am

The real driver is always BTC pricing, which I see hitting $55k by the end of Feb and $70k at some point. Before that happens, I feel comfortable hodling the stock of a company with no debt and having lots of potential. Everything else is just noise. Cheers

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Comment by joecancer on Feb 15, 2021 10:24am

True. And I don't see bitcoin going down like it did at the end of the 2017 cycle, which led to miners stocks going down to next to nothing.

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Comment by steel9696 on Feb 15, 2021 10:36am

I agree those are the 3 major catalysts Q4,Q1,Nasdaq..we dont even need a higher bitcoin price just need it to stay here at 50k..but looks like btc it is going to 6 figures anyways.

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