Hut 8 Corp HUT

If in doubt about an uplisting:

[chucker23]

Here is your proof that Hut has filed for uplisting: https://www.sec.gov/edgar/search/#/entityName=Hut%25208%2520Mining%2520Corp.  Definition of the F-10 which is the most important filing: What Is SEC Form F-10?

SEC Form F-10 is a form the Securities and Exchange Commission (SEC) requires certain publicly traded Canadian foreign private issuers to complete to register and sell securities in the United States.

[LeJames]

You didn't realize the first F10 was filed on March 10, the same day they filed on SEDI for the dilution? Hard to imagine it was just a coincidence? That said, I think the SP of HUT will triple by the end of April with or without an uplisting. Just don't want to get people's expectations too high. Cheers

[chucker23]

To be honest I just did a bit more DD on what the forms meant. My earlier assumptions were based on the rhetoric and from that I had a good suspicion that the filing and uplisting was in the works. Sure could use a triple especially after the 'sea of red' the past couple days. I would have panicked if Hut8 was the only miner down but it wasn't.

[watch22]

doesn't mean an uplisting.  Just means they can sell securities in the US.  i.e. they don't have to do a private placement under 144a.

[Biomed4077]

The bottom line is every other company let's their investors know that they have applied for NASDAQ but they also note in the press release there is a possibility that they may not get approved. Because of the uncertainty the shorters can easily take advantage of the retail investors. 

[bufordpusser]

You know there is a great chance this don't get listed on nasdaq so what do you want her to do? Book value on this stock according to Barchart is $1.03. My calculations were $3.35 if all the Bitcoin had been sold in the recent weeks.

[swhe]

You don't value companies by book value. It is discounted future earnings with consideration for growtth. In hits case you must also factor in the price of bitcoin and that is pretty big because if bitcoin doubles within a year or better, all those future earnings and growth projections start to compound and multiply. Nothing has really changed. Bitcoin continues to increase as it will for the

[bufordpusser]

The truth is Bitcoin has yet to find it's purpose so how can you factor in growth? hut is worth whatever cash it has divided by outstanding shares in my opinion. Bitcoin is heavliy manipulated by a handful of players, most certainly same bunch that will profit from the coinbase offering.

[kaston1951]

Based on a fair asset value, yeah worth about the 3.35-3.80.. If info hut publishes is reliable, based on Bitcoin staying above 50K ,one could make a case for a higher value. Mining operations are traditionally valued at 8-12 X operating margins. Hut claims a cost of $14500 to mine each coin. Based on 3000 coins per year and 60K USD or 75K Canadian. the margins should run at about 180 million