I'm in all, bought yesterday after researching, hello to all
J
What I like about this acquisition, is they are using cash on hand instead of diluting shares
S
$16 today..... too soon?
S
Institutions now @ 123 :)
J
Hut8 just received a top pick from an analyst on BNN
T
^^ I can't wait for the sleepover at Brock's place^^
^^Just can't wait any longer,,,,^^ Tee Hee
I
Hut 8 be like "oh, you thought we were just a BTC miner?"
v
High performance computing and global blockchain gaming is a multi billion dollar industry. According to his article, there is opportunity for growth upbto 180 to 200+ billion dollars a year. So Hut8 acquiring this business allows them to pivot and remain agile to generate revenue in addition to bitcoin mining. Just another example of Hut8s brilliance in utilizing Jaime Levertons Data Centre experience. https://www.google.com/amp/s/cointelegraph.com/news/5-reasons-why-blockchain-based-gaming-economies-are-the-future/amp
S
So after a few minutes of digging around, this seems like a very good move. If they took that $30 million and bought MicroBT miners again at the same price as they did back in October, they'd only be able to get roughly 6,000 of them, or an additional 0.58 Exh/second and only after they've been installed. They're just starting to take delivery and install those MicroBT miners purchased in October now and will take nearly a year to get all 12k up and running.
With this acquisition, it's an immediate revenue stream of roughly 4 million per quarter (based on TeraGo's 2020 numbers). Yes, it's adding additional expenses, but it isn't tying that money up for months without it doing anything.
I
Great news all around. I would add any pertinent info on how much in revenue and net income is being added, when will the acquisition occur, and how accretive that cash flow will be to the Company.
I
My buy orders didn't hit before the blast off.
Y
I am not even sure you can make a serious comment on this board anymore but I will. Jamie's acquisition of Terago is brilliant!!!!
I
Feels like summer again. Lets see how Sap.to is doing for fun.... $27.17! it hasn't been this low since March 2014. Someone do a wellness check on Brock.
M
HUT 8 MINING HAS BEEN ADDED INTO THE S&P/TSX COMPOSITE INDEX. FIRST CRYPTO/BLOCKCHAIN COMPANY TO BE ADDED TO THIS INDEX FIDELITY ADDS BITCOIN EXPOSURE TO TRADITIONAL ETFS
S
Interesting acquisition of data center by Hut ( post 9-11) these were making a ton of $$$. Great diversification- I will not move the needle since it will take the market awhile to figure out what these does to their "other income" non crypto income. A lot of data centers have actually been buying Miners
M
HUT mines at a total cost of under $3,000 per Bitcoin, delivering margins of approximately 95%!
M
Bitcoin up $1,000+
S
I've been here before, back in summer 2021. Down nearly 50k at one point. Best thing you can do is close down your yahoo/bitcoin price tracking tabs and come back in a few months.
B
Anybody buy this at bottom yesterday? What a beautiful make today if so!
I
I think my chart is broken.. Isn't the price supposed to be going down right now?
^^Just can't wait any longer,,,,^^ Tee Hee
With this acquisition, it's an immediate revenue stream of roughly 4 million per quarter (based on TeraGo's 2020 numbers). Yes, it's adding additional expenses, but it isn't tying that money up for months without it doing anything.
FIDELITY ADDS BITCOIN EXPOSURE TO TRADITIONAL ETFS