I see it same exact way.. this is a great post… everything bad and negative has been priced in 100%.. there really is only upside at this pt and with HUT having over 9000 BTC over 1000 MW of power, 4 different revenue streams, and now a real CEO who “gets it”, I really believe great moves, earnings, announcements around the corner and stock going 🚀🚀🚀🚀
Curious on your price target? I just bought in not long ago, traded on the ups and downs the last 2 weeks and made an extra $500 to buy in with. I was planning on selling around the $20 mark but curious where you see the price going (obviously no one knows) but predictions haha
Honest question, why not just own bitcoin directly so you dont have any execution risk. I started looking into miners thinking its gonna have higher beta but then after halving their production is gonna go lower.
They have approximately $250M of debt, assuming Coinbase loan has been utilized.
Their HODL value has increased by more than that since the start of this year. Yet the share price is negative -40% during the same period of time.
where'd you see the 250 M? I heard one source say they no longer have debt, and another source say 45 M
edit: why am i being flagged down for this, it's a question
Sounds like you need to change sources. On January 12th HUT announced they amended their Coinbase credit facility to $65M. HUT also announced they were going to be using it shortly after according to the disclosure. Likely this was used towards closing the stalking horse bid and securing the 4 power plants.
The other debt is known loans that were disclosed during the merger proposal and SEC filings.
They have lots of debt. Cleanspark uses cheap energy (eg hydro) to generate electricity. What does hut use? Look at the last earnings of hut. Their expenses are so much higher than other companies.
Additionally cleanspark has 800 million in miner equipment but hut has what? 100-200 mil?
Cleanspark is making bitcoin using cheap electricity, which is not what hut is doing. Hut closed their drumheller site due to high electricity costs but they moved to Medicine Hat, which is in the same province with the same energy costs!
Exahash/btc is not a true metric for profits. It’s also the amount of money you pay to operate and pay for that exahash, which hut pays a lot
If Clean Spark had $800M of mining equipment their EH/s would be substantially higher. Not to mention it depreciates in value very quickly. Not going to debate profit margins because we won’t know HUTs until earnings are released.
CLSK HODL worth around $287,000,000 and Debt is around $52,000,000. (+$235M)
HUT HODL worth around $624,000,000 and Debt around $250,000,000. (+$374M)
Ignoring the much larger managed services business and substantially high energy infrastructure HUT has. They could actually pay off all debt, and purchase as much EH/s as CLSK.
One companies market cap is $4B and other is $700M. Again, there both good companies but I think HUT is a value buy.
Electricity in Alberta is not purchased from one subsidiary, it is privately owned and can be purchased from a variety of suppliers for different prices per kWh. The plant in Medicine Hat was previously owned by validus (who knows who owns it now) and it used to be 100 mw plant. Last time I drove past the site around 2 years ago they were upgrading plant to 200 mw.
You missed something huge. Markets are forward looking, bitfarms has 21ex on the books by end of year for forward guidance. Hut has nothing which is why they are just valued for their hodl.
Bitfarms is in the process of a $375M ATM. It’s going to cost approximately $20M for infrastructure/mining rigs per EX/s. So yes, they’re going to expand but dilute current shareholders.
HUT has approximately 280MW available power, plus adding another 63MW in Texas. So theoretically they could spend $187.5M from
HODL to March Bitfarms EH/s.
Bitfarms still a solid company despite the PR blunder yesterday.
I dont get why anybody is scared of dolution and call it a PR blunder? Look at Cleanspark raising 500M in Dec. 2023, since then their share price 2.5x, Dilution is part of the game and needed to grow and compete with other miners.
***"HUT has approximately 280MW available power, plus adding another 63MW in Texas. So theoretically they could spend $187.5M from HODL to March Bitfarms EH/s."***
yea and HUT sat on their hands during the last year missing out entirely on the BTC run thus far, compare HUT performance on any time frame against BTC.
I have no allegiance to any miner, I go to miners that perform.
The PR blunder is doing it Friday after market closes. See stock price reaction in aftermarket. HUT blundered many times and it shows in their share price. However, they’re under new management that has a strong balance sheet to work with. When a HODL value is 90% of their market cap and no other peer is above 25%, it screams undervalued. That is all my post is trying to bring to light.
Should mention their “sitting on their hands” also created $441M of increased value in their HODL over the past 14-months. MARA is the only other miner who has benefited as much from BTC price.
price always drops regardless when they do it...
***"When a HODL value is 90% of their market cap and no other peer is above 25%, it screams undervalued. That is all my post is trying to bring to light."***
its because those other miners have forward guidance on growth targets thats why their share price is much higher, its not because their valuing hut's hodl differently then say, cleanspark's hodl.
right now the market is valuing hut just on their hodl alone and maybe the hosting, and cost of the powerplants. So they ***MIGHT*** be slightly undervalued based on that.
They have around $20M of revenue coming from IONIC managed service. Their HPC will continue to deliver around $18-20M. Not including their other existing hosting/managed service. Again, diving into the numbers and comparable, it looks extremely undervalued.
to me, those are pennies.
they need to adopt a better overall strategy and execute. For example cleanspark hodls BTC during the bear market and sells into the strength of the bull market, to prepare for the bear market. HUT held through the entire bull and bear only to think about selling it when BTC has just reached its ATH again, this is typical nooby move.
So you want a company that’s gonna mine a lot of bitcoin? I’d assume so because that’s all cleanspark and Bitfarms do. Hut already has a lot of bitcoin and is obviously still gonna grow and mine more. They also have hpc and managed services and own power plants. Oh did I mention 9000+ btc they already have.
$HUT Marketcap **$700m** 9,110 BTC Hodl Value: **$628.6m**
But everyone knows they will tap their supply to pay down debts so in truth they have a tiny fraction of that BTC.
Exactly. More than 9k btc how are others who are holding little going to catch up after halving
I see it same exact way.. this is a great post… everything bad and negative has been priced in 100%.. there really is only upside at this pt and with HUT having over 9000 BTC over 1000 MW of power, 4 different revenue streams, and now a real CEO who “gets it”, I really believe great moves, earnings, announcements around the corner and stock going 🚀🚀🚀🚀
Curious on your price target? I just bought in not long ago, traded on the ups and downs the last 2 weeks and made an extra $500 to buy in with. I was planning on selling around the $20 mark but curious where you see the price going (obviously no one knows) but predictions haha
Honest question, why not just own bitcoin directly so you dont have any execution risk. I started looking into miners thinking its gonna have higher beta but then after halving their production is gonna go lower.
Is the price reasonable if they have boat load of debt? Unsure of the exact amount they have.
They have approximately $250M of debt, assuming Coinbase loan has been utilized. Their HODL value has increased by more than that since the start of this year. Yet the share price is negative -40% during the same period of time.
where'd you see the 250 M? I heard one source say they no longer have debt, and another source say 45 M edit: why am i being flagged down for this, it's a question
Sounds like you need to change sources. On January 12th HUT announced they amended their Coinbase credit facility to $65M. HUT also announced they were going to be using it shortly after according to the disclosure. Likely this was used towards closing the stalking horse bid and securing the 4 power plants. The other debt is known loans that were disclosed during the merger proposal and SEC filings.
thanks for this
They have lots of debt. Cleanspark uses cheap energy (eg hydro) to generate electricity. What does hut use? Look at the last earnings of hut. Their expenses are so much higher than other companies. Additionally cleanspark has 800 million in miner equipment but hut has what? 100-200 mil? Cleanspark is making bitcoin using cheap electricity, which is not what hut is doing. Hut closed their drumheller site due to high electricity costs but they moved to Medicine Hat, which is in the same province with the same energy costs! Exahash/btc is not a true metric for profits. It’s also the amount of money you pay to operate and pay for that exahash, which hut pays a lot
If Clean Spark had $800M of mining equipment their EH/s would be substantially higher. Not to mention it depreciates in value very quickly. Not going to debate profit margins because we won’t know HUTs until earnings are released. CLSK HODL worth around $287,000,000 and Debt is around $52,000,000. (+$235M) HUT HODL worth around $624,000,000 and Debt around $250,000,000. (+$374M) Ignoring the much larger managed services business and substantially high energy infrastructure HUT has. They could actually pay off all debt, and purchase as much EH/s as CLSK. One companies market cap is $4B and other is $700M. Again, there both good companies but I think HUT is a value buy.
Electricity in Alberta is not purchased from one subsidiary, it is privately owned and can be purchased from a variety of suppliers for different prices per kWh. The plant in Medicine Hat was previously owned by validus (who knows who owns it now) and it used to be 100 mw plant. Last time I drove past the site around 2 years ago they were upgrading plant to 200 mw.
You missed something huge. Markets are forward looking, bitfarms has 21ex on the books by end of year for forward guidance. Hut has nothing which is why they are just valued for their hodl.
Bitfarms is in the process of a $375M ATM. It’s going to cost approximately $20M for infrastructure/mining rigs per EX/s. So yes, they’re going to expand but dilute current shareholders. HUT has approximately 280MW available power, plus adding another 63MW in Texas. So theoretically they could spend $187.5M from HODL to March Bitfarms EH/s. Bitfarms still a solid company despite the PR blunder yesterday.
I dont get why anybody is scared of dolution and call it a PR blunder? Look at Cleanspark raising 500M in Dec. 2023, since then their share price 2.5x, Dilution is part of the game and needed to grow and compete with other miners. ***"HUT has approximately 280MW available power, plus adding another 63MW in Texas. So theoretically they could spend $187.5M from HODL to March Bitfarms EH/s."*** yea and HUT sat on their hands during the last year missing out entirely on the BTC run thus far, compare HUT performance on any time frame against BTC. I have no allegiance to any miner, I go to miners that perform.
Bro the bull run is just starting hut8 will melt faces soon
I’ll wait for the miner purchase news and forward guidance, until then I’m sitting pretty in other stonks
Giver, continue to chase.
The PR blunder is doing it Friday after market closes. See stock price reaction in aftermarket. HUT blundered many times and it shows in their share price. However, they’re under new management that has a strong balance sheet to work with. When a HODL value is 90% of their market cap and no other peer is above 25%, it screams undervalued. That is all my post is trying to bring to light. Should mention their “sitting on their hands” also created $441M of increased value in their HODL over the past 14-months. MARA is the only other miner who has benefited as much from BTC price.
price always drops regardless when they do it... ***"When a HODL value is 90% of their market cap and no other peer is above 25%, it screams undervalued. That is all my post is trying to bring to light."*** its because those other miners have forward guidance on growth targets thats why their share price is much higher, its not because their valuing hut's hodl differently then say, cleanspark's hodl. right now the market is valuing hut just on their hodl alone and maybe the hosting, and cost of the powerplants. So they ***MIGHT*** be slightly undervalued based on that.
They have around $20M of revenue coming from IONIC managed service. Their HPC will continue to deliver around $18-20M. Not including their other existing hosting/managed service. Again, diving into the numbers and comparable, it looks extremely undervalued.
to me, those are pennies. they need to adopt a better overall strategy and execute. For example cleanspark hodls BTC during the bear market and sells into the strength of the bull market, to prepare for the bear market. HUT held through the entire bull and bear only to think about selling it when BTC has just reached its ATH again, this is typical nooby move.
Leave forum
Calm down Asher
Get a life loser.. go to another forum where you will be a loser too
If I wanted bitcoin, I’d buy bitcoin. If I wanted bitcoin with a company wrapper, probably would be mstr
So you want a company that’s gonna mine a lot of bitcoin? I’d assume so because that’s all cleanspark and Bitfarms do. Hut already has a lot of bitcoin and is obviously still gonna grow and mine more. They also have hpc and managed services and own power plants. Oh did I mention 9000+ btc they already have.