“We live in an age of infinite leverage where economic rewards for genuine intellectual curiosity have never been higher.” -NR 👉IR ($HUT) Board (OTCQB: $DEFI)✨
Update: HUT 8 CLOSES MERGER & REDOMICILES TO THE U.S🇺🇸
👉High beta opportunity to ride the new bitcoin cycle⚡️
👉Masters of scale⚡️
👉839 MW of hashrate with near term path to 1GW under management
👉7.5 EH of mining; hosting; managed services; AI.⚡️⚡️⚡️
#bitcoin
#bitcoinmining
Guys. We strength train in off season. Recessions last on average 11 months. So we DCA; Invest in ourselves; Set up that ENS name domain… all the sh*t we’ve been putting off …so we come flying out of the gates when things turn around, as it does, as per every market cycle.💪
🚨Hut 8 December production update 👇
✅453 Bitcoin produced 🔨
✅9,195 Bitcoin on balance sheet 💰
✅205,759 miners under management
✅839MW of power under management ⚡️
✅63MW site purchased with 20 acres of additional land⚡️
@Hut8Mining
#Bitcoin
#BitcoinETF
HUT 8 ACHIEVES 3RD CONSECUTIVE RECORD BREAKING QUARTERLY REVENUE:🚀📈
👉5,053 Bitcoin Balance.
👉Approximate Market Value of $430 Million.
👉GPUs mining at a total cost of under $3,000 per Bitcoin, delivering margins of approximately 95%.
Today was really hard. False rumors are like gossip's mischievous cousins – the more you entertain them, the more they thrive. Not every whisper deserves a megaphone. Reattaching the link to our post merger deck, filed with the SEC👇. (Will send date for Twitter spaces asap).
“Since the sec gave Institutions the green light to Bitcoin, if they were to allocate more than 5% of their portfolios to Bitcoin as we think they will -that would add $2.3M to $1.5M price target we initially gave”-
@CathieDWood
@APompliano
Reflexivity Conference
#Bullish
#Bitcoin
The dearth of new power availability in the U.S; The insatiable power demand of AI and why Data Centers are turning to Bitcoin Miners as a potential solution: Lets talk about it 👇
#bitcoin
#AI
@MorganStanley
🚨HUT 8 RESPONDS TO SHORT & DISTORT REPORT 🚨
👉The report is filled with inaccuracies, misrepresented data, speculative claims, and unfounded character attacks.
👉Deliberate attempt to spread misinformation about Hut 8, its operations, finances, management practices, and key
Guys, Lest we forget, this is the same publication that wrote a sympathy piece for SBF; frequently muses about the obesity epidemic & purports big pharma solution to it but conveniently neglects to point a finger at the Food industry.
#nyt
Following a retail investor call held earlier this week,
@bigsuey
addressed the topic of Hut 8’s true cost per coin breakdown and debunked misinformation. Watch below👇.
#BTC
#Bitcoin
🚨HUT RELEASES STATEMENT ON SHORT REPORT🚨
👉
@JCap_Research
is a self-proclaimed group of biased activists who clearly disclose that they will profit if a company’s share price declines.
👉We are going to continue business as usual with a focus on execution and driving
Hey guys -know share count & market cap is still off on many trading platforms/screens; working on getting them to update…..antiquated back end platforms can be brutal -we’ll get there.
#Bitcoin
$HUT
Hut 8 Achieves Second Consecutive Record-Level Quarterly Revenue in Q2-2021. 👉33.5 Million in Quarterly Revenue; 4,240
#Bitcoin
on balance sheet; Market Value, $245 Million; 20-25 Bitcoin per day in Q4🚀🚀
How could Hut 8 potentially benefit from spot BTC ETF ?
-Value of Hodl ⬆️= more value to potentially put to work, earn income & reinvest
-Demand for BTC ⬆️= Price ⬆️= Miners minting at spot pricing =⬆️revenue & ⬆️margins into the biz
#Bitcoin
#hodl
Video on this below 👇
Why Hut 8 is positioned to win long term:
1. Instead of chasing capex intensive biz strategy, focus on capex light & scalable ways to capture market share in Bitcoin.
2. Growing HPC business to capture upside in the triple digit CAGR world of Cloud & A.I
#BTC
#AI
$HUT
Step 1:👉Buy a new site
Step 2:👉Build site for 40% cheaper than your peers (& cheaper than the last site you built sold for)
Step 3:👉Reduce cost per coin by 30%
Step 4:👉Increase self mining exahash
Step 5:👉Rinse & repeat
#Bitcoin
#BitcoinMining
$HUT 👇
Bitcoin mining can be used as a tool for re purposing vented methane into digital money 👉Our industry is a partner in the global transition to renewable energy 👇🌎
#bitcoin
@nytimes
If only there were some technology that could utilize that methane and turn it into the hardest money ever discovered…
Oh wait, there is! Now every single oil and gas company is incentivized to mine
#bitcoin
Thanks, Joe Biden!
Hey guys, $HUT Q4 earnings is on March 28th at 8:30am EST.
Lets talk tomorrow at 4:30ET; Go over what we've been focused on since Asher took over 30 days ago; Answer your questions and help clarify our thinking on market share and the halving, so we can have a constructive
Highlights from
@vaneck_us
2024 Crypto market overview:
(Record high number of voters going to the polls; Bitcoin ⬆️; Green lobby loses steam) 👇
#bitcoin
#energy
#elections
“THERE'S ONE FUNDAMENTAL TAKEAWAY: this leverage doesn't have anything to do with
#Bitcoin
itself. Those of us who are really building this technology are as positive as ever, and frankly grateful that the grifters are being flushed out." Facts from
@CaitlinLong_
GM ☕️from the east corner of our King Mountain site; We own 50% of the power substation with a Fortune 200 renewable energy partner; Run over 200 mw of power, across 4 facilities.
#Bitcoin
#RenewableEnergy
🚨⚡️WELCOME TO THE NEW CEO OF HUT 8 ⚡️🚨
👉Jaime completes mandate of transformation, executes the largest M&A in crypto history & passes the baton to Asher to strengthen operations & drive profitable growth. LFG💪💪
#Bitcoin
#news
$HUT
@JaimeLeverton
@ashergenoot
@KiteVC
HUT 8 MONTHLY PRODUCTION UPDATE⚡️:
✅308 Bitcoin mined; 16% @ $2600/CAD
✅Installed capacity of 2.36E/H
✅3rd site in North Bay ramping up
✅5826 Bitcoin in
#HODL
✅TeraGo acquisition closed
🔔🔔🔔News: Hut 8 and US Bitcoin Corp have announced a merger of equals, expecting to establish a new Hut 8 as a large-scale publicly traded North American Bitcoin miner with diversified fiat revenue streams. 📰Read more: 📰
⚡️NEWS: Hut 8 mining submits bid to acquire up to 310 mw of power plants; 👉Vertically integrated power = advantage when maximizing value at the intersection of infrastructure & energy.
#energy
#Bitcoin
@Hut8Mining
TODAY IS A BIG DAY FOR
@Hut8Mining
👉 HUT 8 MINING HAS BEEN ADDED INTO THE S&P/TSX COMPOSITE INDEX. FIRST CRYPTO/BLOCKCHAIN COMPANY TO BE ADDED TO THIS INDEX.🚀🚀🚀
🚨Planned transition underway for Hut’s CCO
@MattPrusak
to become CEO of Celsius New MiningCo🚨
👉 Hut’s Managed Services biz will manage approx. 12 EH/s & 300 MW of power
👉Hut 8 will receive a cash management fee of more than US$20M/annually
👉Hut to have incentive equity in
When gold spot ETFs launched in 2004 supply of money was $6.4T vs. $20.7T today + add in the current global geopolitical climate = Greater demand for scarce assets now vs then.
#Bitcoin
#BitcoinETFs
#GOLD
NEWS⚡️⚡️SEC Approval:DONE✅
👉”Hut 8 Announces Effectiveness of Registration Statement on S4” …..I see you November close date 👀….
@Hut8Mining
@USBitcoinCorp
🚨Hut 8 & Ionic Digital move forward with Hut 8 Managed Services business
👉Hut 8 to manage 12EH of operations for Ionic (Celsius)
👉$81M in cash payments to Hut over term, $101M if key targets are met over 5 years
👉Hut buys shares in NewCo
More details 👇
#Bitcoin
👉Hut 8 energizes new site in 78 days
👉Does it at industry leading low cost of $275k/mw
👉Executes on thesis: Energy is scarce; Capture electrons, excel at building infrastructure fast, at low cost, and mine more
#Bitcoin
1.9 billion is still owed by miners for ASICS they purchased in 2021
Where is that money coming from?
Cycle, treasury & balance sheet management is 🔑 The time to prepare for a bear market is in a bull market; this isn’t
@Hut8Mining
first rodeo :)
@_amanda_fab
@JaimeLeverton
“Fast forward to March of 2024 the top 3 hodlers of Bitcoin are Hut 8, Mara & Riot-who now account for 74% of total reserves held by public mining companies” -Miner Weekly
@Hut8Corp
#Bitcoin
@kevinolearytv
@kevinolearytv
@Hut8Mining
highest self-mined bitcoin holdings of any publicly traded company(3012), one of only miners full fleet of equipment mining in the money, located in freezing windy Alberta, let’s set up a call :) I run Corp dev.
Good Morning ☕️
✅Court grants approval for Celsius New Co
✅Adds 12 EH, 122k of miners under HUT managed services business line
✅Includes equity ownership for Hut in Celsius New Co as we make things right & build back better for Celsius creditors. 💪🫶
#BITCOIN
#Celsius
Update on Hut 8’s Stalking Horse Bid for four natural gas power plants 👉 310MW of power being added to our portfolio of power, is on the horizon
#energy
⚡️⚡️
Guys this
@jpmorgan
report on Bitcoin mining is excellent. Get ready for me to spam you with nuggets from this research…..DYK, more hashrate was added in the last 9 months than in Bitcoin first 12 years of being alive?
#bitcoin
#bitcoinmining
#Bullish
Hut closes power plant deal ⚡️⚡️
Step 1👉Maintain a strong balance sheet
Step 2 👉 Capture, monetize and find the best ROI for every electron we manage; We are in the energy business
Step 3 👉 Work with Macquarie to generate a return on 4 power plants -310mw of power now owned
#Bitcoin
90-day correlation with the S&P 500 sits at 0.96 (highly correlated); 30-day correlation with the S&P 500 has declined to 0.78 = the two assets have begun to trade more independently of each other.
#BULLISH
Interesting chart from Cohen on public miner drawdowns and use of ATM's for growth since 2022. One thing $HUT is laser focused on beyond the halving is building our business with a focus on shareholder return 👉Eg. Smart debt; Strategic BTC stack leverage vs. ATM's & dilution as
BlackRock updated its regulatory proposal to allow institutions to more easily invest in its iShares Trust. “authorized participants” in the fund can redeem shares of the ETF in cash rather than just bitcoin….
@BlackRock
#Bullish
Hut 8 March Production report👉Drop a like or post in comments if you guys have any questions; happy to host an X spaces today at 4:30ET to answer them
#BITCOIN
@Hut8Corp
@ashergenoot
Today, we released our March operations report. Here are the highlights:
⚡ 884 MW under management
⚙️ 241.6K machines under management
🔋 25.5 EH/s under management
🏛️ 9,102 BTC in reserve
⛏️ 231 self-mined BTC
Read the full release here: .
So…let me get this straight, we’re proposing a 30% tax on grid-fortifying Bitcoin miners, but big pharma gets to pay 2% tax on $110 billion profits.
#news
#bitcoin
#riddles
👇
Hey
@kevinolearytv
...heard you looking at
#Bitcoin
mining infrastructure. Would love to introduce you to
@Hut8Mining
Oldest & largest miner in North America knows how to weather market cycles, huge energy access & highest self-mined
#Bitcoin
on balance. Let’s chat 💬
BIG NEWS⚡️Rick Rickertsen; 30 year private equity professional, strategist, and member of the Board of Directors of MicroStrategy, joins the Board of
@Hut8Mining
. Welcome Aboard Rick!!🚀🚀🚀
@MicroStrategy
👉
Guys we know it’s been a tough couple of months, like really tough, but we’ve been through hard times & ended up coming out on top. Stay the course. We have a plan. $HUT
📅 March 2023 📅
Production Update Highlights:
⛏️131 BTC mined
🏛️ 9,133 BTC in reserve – largest self-mined stack of any public company
⚙️ 50.38 BTC/EH
Read more 👇
Bitfinex: “bullish outlook with bitcoin poised to achieve a new year-to-date high, supported by reduced outflows from Grayscale's GBTC” 👉 9100 Bitcoin on the balance sheet = significant war chest of value for $HUT
#Bitcoin
“Bitcoin is not risky. Fiat is risky.
Over 1,3,5,10 yr period, fiat has cumulatively returned 2%, -33%, -8% & 24% Vs. Bitcoin 156%, 46%, 1,052% & 5569%” -Stone Ridge year end letter
#Bitcoin
#fiat
#FederalReserve
Y”alllllllll 2022 is 10 months away 🤣Mining economics will change 👉Hut has a 3012 Bitcoin headstart, 109 MW of power, capacity expansion & is already working on revenue diversification streams NOW so we make money regardless of the price of
#Bitcoin
...
#HodltheHut
.
Visit to Bletchley Park today with
@JaimeLeverton
“Mathematical reasoning may be regarded rather schematically as the exercise of a combination of two facilities which we may call intuition & ingenuity” -Alan Turing, WW2 British Codebreaker, Hut 8
#MachineLearning
#WW2
@manc_crypto
Dtc was confirmed ages ago. Part of our strategy for getting to the highest tier of Nasdaq. Well have a date for you guys shortly & posting tomorrow :).
HUT 8 MONTHLY PRODUCTION UPDATE:
👉4,724 Bitcoin in reserve✅📈
👉New fleet of GPU Miners installed & profitable (Mine ETH; get paid in BTC @ less than $3000 CAD/coin).
👉100% HODL
Avg. efficiency of an Oil & Gas flare stack operation is approx 30-50% so if you can catch that excess waste(otherwise flowing into atmosphere) 👉convert to energy 👉use that energy to create digital energy aka. Bitcoin = 🚀🚀🚀
@PowerValidus
@Hut8Mining
#FutureIsAnAttitude
Just finished filming the AMA with our head of tech!!! Pumped to share ..we talk👉What are we doing with our older equipment? Benefits of our infrastructure vs. Others? How fast can our gpu miners pivot to another coin & still make
#BTC
👉AMA will be live Monday 🤙
The average savings account rate is 0.06%. The average inflation rate is 2.25%. Every day your money sits in the bank you are losing money. Investing fixes this. -wise words from
@Grit_Capital
Fam, we’re going to do a YouTube video explaining in detail $HUT HPC strategy. We’ve been working on it since we bought those Cloud & Co-location Data Centers off Terago in January 2022. Time for a deep dive. Drop a Q below 👇
#AI
#MachineLearning
#bitcoin
We are pleased to announce that Hut 8 shareholders have voted overwhelmingly in favour of the proposed Merger of Equals with USBTC.
Full details of the voting results are here:
$119 Trillion credit market, $15 trillion of which is negative yielding debt (aka. this is a liability not an asset) if
#btc
captures even 3-5% of this market …using this model …could see $2-$4mil btc/coin.
@FossGregfoss
on
@APompliano
latest episode on this is 👌
There are CEOs of wealth management firms that manage billions of dollars of capital on behalf of thousands of customers who still believe that
#Bitcoin
is uniquely "speculative" relative to equities, bonds, and other asset classes.
We are still so early.
Caitlin Long winning Best Bank Baddie award last night at
@Dennis_Porter_
Satoshi Awards, for her continued work in the fight against regulation by enforcement from the banking industry on crypto.
@CaitlinLong_
#Bitcoin
#Regulation
The problem
@kevinolearytv
isn’t “dirty mining” grids in general are reliant on fossil fuels which is an all industry problem; and your beef with carbon credits O’Leary Funds OGIG, OUSA hold Alphabet, Microsoft & Verizon-all use carbon offsets -will you be selling those too? 🤔😉
Thank you to everyone who joined our spaces today; Have a listen if you want to hear our thoughts on the halving & Asher & Mike new equity comp package (Spoiler Alert: it’s 💯 performance based) Recording below 👇
#BITCOIN
$HUT
@ashergenoot
@Hut8Corp
#NewHUT
Global bank Standard Charter raised Bitcoin price target to $150K this year and $250K for 2025.
👉Gold market cap = $14 Trillion
👉Bitcoin market cap = $1.4 Trillion
👉Bitcoin at $680,000 would equal Gold's market cap.🤌
#Bitcoin
#GOLD
Watching these markets & thinking back to last spring when many thought
@JaimeLeverton
was crazy for buying the Ferrari of gpu miners to mine ETH but get paid in BTC at a cost of less than $3000 CAD per BTC…even today… margins still on fleek….
Over past 4 years:
👉 Hashrate ⬆️475%
👉 Price ⬆️163%
👉 Total users ⬆️289%
✅ Emissions ⬇️ by -9.4%
👉 Bitcoin is the only industry in the world that has decoupled emissions growth from user and network growth. Watch latest 👇
@DSBatten
#Bitcoin
#esg
👉4,123
#Bitcoin
in custody.
👉100% of Bitcoin
#HODL
for July.
👉New research coverage from major investment bank in the U.S
Hut 8 Mining Provides Production Update for July 2021; Craig-Hallum Initiates Coverage by
@newswire
#
2021 was about
#HODL
and future proofing our business, to set us up for success in 2022 in Bitcoin AND Web 3.0 👉
@JaimeLeverton
has over 20 years experience in Tech Transformation & High Growth Mandates…..there is method to the magic and market share we’re building here.
Good Morning☕️, December Monthly Production Update:
👉5,518 Self Mined Bitcoin in Reserve for
@Hut8Mining
👉125% Increase in hashrate year over year
👉Focused on future-proofing our operations so we can continue to be leaders in Bitcoin and Web 3.0🚀
Y’all Nasdaq & Bloomberg think they’ve solved the issue on their end; Yahoo is m.i.a at the moment but we’re on it. Should see accurate market cap & shares outstanding (88.5M approx) soon. 🫡🙏
HUT 8 FISCAL 2020 EARNINGS: HUT 8 BLASTS THROUGH ANALYST EXPECTATIONS: 246% Increase in Working Capital, $40.7M in Total Revenue, 87% Y.O.Y Increase in Net Income; 1.3 E/H in Q2; 3233 Bitcoin on Balance 🚀⚡️$HUT
#Bitcoin
#bitcoinnews
#HodltheHut
👇
Q4 earnings call is tomorrow morning 8:30am ET, login info below👇
Asher & I will also host an X spaces AMA post earnings at 5pm ET -come hang & debrief with us.
#Bitcoin
@ashergenoot
@Hut8Corp
🔔Media advisory – We’ll be sharing our fiscal year results including one month of combined company’s results post-merger close and recent corporate development updates on Thursday March 28 .
The webcast can be viewed here: .
Hut 8; Building the bridge between traditional & nascent forms of hpc 👉400 enterprise customers across gaming, visual fx & government 👉Platform for the development of services in digital asset mining, blockchain, gaming & Web 3.0🚀🚀
Are Bitcoin miner equities the best way to capture BTC use case upside?👀👇
👉Runes led to transaction fees of ~19 BTC per block (~$1m per block) over & above the 3.125 BTC
👉Miners earned 3X revenues post halving - 22 BTC vs ~7 BTC before halving
👉Daily revenues above $100mn
Excellent podcast episode from our friend
@mikealfred
talking with
@PrestonPysh
👉His view on btc price potential👉How to value a Bitcoin miner 👉The case for 10-20x returns on miners who hodl. Check it out 👇
Our fearless leader
@JaimeLeverton
is named one of 2022’s Top 10 Women Leaders in Blockchain by
@analyticsinme
👏 Huge congrats Jaime!! Check out the article here:
90% of all bitcoins have been mined as of Monday morning, according to data from blockchain tracker .
@Hut8Mining
has 5242 of them & counting🚀...
#BTC
#HODL
“The Bitcoin halving is going to reduce the supply and the spot ETF will double demand. The only thing that can adjust is the price” -
@saylor
on
@FoxBusiness
#Bitcoin
This bear market is nothing like 2018 where the reckoning was based on disbelief in crypto 👉Todays bear is macro & event driven. BIG DIFFERENCE; The weak get put to pasture, the rest eventually rally, as it has in every other market cycle in every other asset class for decades.