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 > NBaker Should Sell BITF To Buy HUT Before BITF Drops 20%

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Post by BrITeChOIceswiN on Sep 15, 2021 1:15pm

NBaker Should Sell BITF To Buy HUT Before BITF Drops 20%

If you were smart! You'd take this decline as an opportunity to buy a bunch of HUT. A 12% dilution in shares is very acceptable. $150 million + $70 million cash on hand puts HUT in a great position to increase their Hash power.

BITF only has $36 million cash on hand and will obviously be looking to raise more money very soon. The bad news is they'll have to dilute almost twice as much to raise the same amount of money as HUT. Let's say they try to raise $150 million US at $4.25 US. That would dilute BITF by 35 million shares or 20% - not good!!! Watch closely as BITF drops 20% upon announcing to raise more money.

HUT hodles over 4500 Bitcoins - more than double that of BITF. This is about who has the most Bitcoins and BITF will never catch up - thus HUT 8 without a doubt is the best Canadian miner.

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