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Bullboard - Stock Discussion Forum Hut 8 Corp HUT

Alternate Symbol(s):  T.HUT

Technology Software - Application
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

NDAQ:HUT - Post Discussion

Hut 8 Corp > Share Consolidation
View:
Post by carterZ21 on Dec 06, 2023 8:57pm

Share Consolidation

I really do not care for these share consolidations. They almost always result in a significant depreciation in share price. HUT is yet another example. Given the upside move in BTC, HUT should have moved to $18.00 per share. I sold my entire position post-merger. This stock will continue to lag other miners in the BTC run higher. I believe other miners are better investments. GLTA.

Carter
Comment by Hotdoger on Dec 06, 2023 9:32pm
Hut has been deprecating for a long time. 2 years ago Bitcoin was $40,000 and Hut was at $10.  Now Bitcoin is $44,000 and Hut is at $2.75 ($13.75 post  split) Merger might be a good thing but reverse split rarely are. Companies never learn. 
Comment by Hotdoger on Dec 06, 2023 9:33pm
Especially when half the investors don't whsf a reverse split is lol!
Hut 8 Corp