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 > RBC gang

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Post by LeJames on Feb 16, 2021 11:02am

RBC gang

in action again. Heavy seller since Feb 2. Looks increasingly likely they've been selling for Bitfury.

Until Bitfury is done selling its remaining 20M shares, this stock is only tradable but not investable.

Such a shame given what an amazing job Sue's been doing.

James

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Comment by bidoux67 on Feb 16, 2021 11:14am

Yeah I think you are probably right James...at least we still went up in price...just not as much as we could have. Still hoping for a double digit close...its deserved!

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Comment by stingray88 on Feb 16, 2021 11:26am

where she stops nobody knows. To bad someone always pours water on the fire

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Comment by bidoux67 on Feb 16, 2021 11:26am

I think the Bitfury announcement that they will be selling more shares this month has put a damper on our share price...but we will get to where we should be soon enough!

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Comment by LeJames on Feb 16, 2021 1:02pm

Bitfury filed on SEDI on Friday for another 8.5 M shares. Given how aggressive they've been selling since Dec - 3M shares, 6M shares and now 8.5M shares, pretty obvious they are liquidating their position in HUT. It's even worse than a massive short position as shorties will cover at some point but these guys will never buy back their shares.

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