Hut 8 Corp HUT

From Bitfury

[chucker23]

So from what I can gather - we can expect another 8.5 million shares to hit the market. 

AMSTERDAM, The Netherlands and TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Bitfury Holding BV announced today the company sold 8,477,687 common shares of Hut 8 Mining Corp. (TSX-V: HUT). The company also filed on February 12, 2021 an intention to transfer, via secondary, an additional 8,500,000 common shares of Hut 8. Bitfury intends to use the proceeds from such sales for accelerated R&D, specifically around its next-generation ASICs chip development, which will positively influence Bitfury’s growing global ecosystems of customers and partners, inclusive of Hut 8. The proceeds will also be leveraged for bolstering Bitfury’s capital structure.

[Johnny0081]

Probably already sold today

[steel9696]

Bitfury just updated their press release you can find it at Sue ennis twitter,they explain they are not selling shares in the open market.

[steel9696]

The 8.5 million shares was a private transaction from Bitfury to a third party.

[stingray88]

Then explain the Dump, it wasn't all profit takers, not that kind of volume?

[CannaBaked]

people let emotions get in the way, dumped. Bitfury confirms private transfer and they didn't dump lollll sorry to laugh but my odds of picking up on others misfortune just got a hell of a lot better. Let's gooo btc and HUT big open tomorrow fingers crossed  

[stingray88]

Btc, currently at 49,500. We could see 50K again tonight. we may see $9 on HUT tomorrow, Whoopie!

[DawmPool]

Like I said earlier, when I was in Hive a while back and we were stagnant around 40 cents and Hut was blasting off it was the same sentiment over there. You need to stay patient. Hut will have its run

[stingray88]

Hope so, cause we are also fighting a clock. These bubbles have a tendency to emplode at any time. Dot.com era, Cannabis, gold, energy etc. If we moved with Bitcoin as we should, there is no reason this shouldn't be at $10  with btc 50k.

[DawmPool]

Tomorrow this could explode to $11 with Bitcoin at 50k. And although it's nice to have these big pumps im also fine with the big dumps. I think Bitcoin will get to 100k end of this year and we will all see our payday regardless. Just about being patient.

[watch22]

Here's what happened... bitfury filed last week on the 12th.  They've been out talking to a few brokers ... and to a few institutional investors (who are probably already invested in HUT and know the story). So today one of those parties thought they were close to a deal... (perhaps they are, perhaps they aren't)  so they either sold down in anticipation of refilling their

[Argyrocatharsis]

I believe you nailed it watch22, we got a gem in Hut8,they're going to pull all kinds of shenanigans to juice max pain/profit.

[steel9696]

Todays Bitfury news was a positive catalyst for Hut now that they are officially done selling shares on the open market,but was taken as a negative because of the confusion..Glad they reissued that press release to clear things up.

[steel9696]

Probably in reaction to thinking Bitfury was going to dump 8.5 shares into market.that is why they reissued the release 30 min ago to clarify no shares to be sold into open market.

[deedee13579]

https://www.globenewswire.com/news-release/2021/02/16/2176678/0/en/Bitfury-Holding-BV-Transfer-of-Shares-of-Hut-8-Mining-Corp.html February 16, 2021 18:30 ET | Source: Bitfury     AMSTERDAM and TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Earlier today Bitfury Holding BV's ("Bitfury") issued a press release which is available at: https://www.globenewswire

[watch22]

not was a transation... WILL BE... one or more transactions (assuming they can find a buyer).... of course a brokerage house can take it on and then resell as a last option

[watch22]

I frankly see little difference... they're selling shares ...  so either 1) a buyer that would have otherwise purchased on the market, will purchase from Bitfury 2) a buyer will purchase from bitfury at a discount and sell the shares into the market a sale is a sale is a sale... or something like that.

[Rejean1]

and eventually Bitfurry et al wont be dumping on us once Hut gets over the $10.00 or more  dollar mark. Better now than later no?

[LeJames]

Sure, it has been publicly available on SEDI since Friday. Check SEDI regularly if you're invested in any Canadian companies. :)