HUT ShortNASDAQ:HUT is ready for a pull back to the VWAP lot 7.78. Before getting there, it will need to break through 8.76, then 8.60, and 8.40. This trade will be off if it goes through the support of 9.84. In that case, it is making new highs. The RSI is heading into the overbought zone. Shortby GlennTradingUpdated 110
HUT HUT HIKE!!!When you believe in magic, and I hope you do, you’ll always have a friend wearing big red shoes. Question is do you believe? Put on your sun hat because its about to get bright. Longby rl268417992114
Hut & Corp - A Big Move coming Can we capture Logic behind it?Hello there, I hope you all are doing well, If we can capture this move we can generally go on another vacation at the end of the summer. So here is the logic behind this more than 35% rise expected Technical is strong as we can see from the chart pattern with a good volume breakout another thing is that the company has a business in the Bitcoin Mining business if we compare the day when bitcoin was high in 2021 this company also was in profit and performing good and after the crypto market fall, this also goes into loss. Now Bitcoin is at a high and still, the company is at a loss but now things are changing finials are improving every quarter. We can expect a big move of about more than 35% lets see in the future. Thank you for reading my post Longby fatehgarhiaharman0
$HUT sweep of $6 before higher? $12-18 final target?I know a lot of people were following the NASDAQ:HUT idea, so I thought I'd give an update here. Most people are convinced the miners are heading higher here. I do agree, but I don't think the trade will be as easy as longing this move. With a rejection of this level, it sets up a move down to the lower support level around $5.59-$6.33. Once that level gets tagged on the downside, I think that sets up a new long trend. I'm short a lot of the miners here (HUT, RIOT, MARA) with the idea that the rest of the week, price should fade this move. I'm looking for a sweep of the lows, then if we get it, I will go long thinking that we'll see a strong move through the rest of May. After the sweep, I think price can go to $12 and as high as $18. Let's see how it plays out.by benjihyamUpdated 1
The New and Improved Hut 8 Corp? 🤔I wanted to share the BTC companies that I've been holding so I'll start with Hut 8 and get Terawulf, Cleanspark, and Marathon posted next. I still have mixed feelings about this company, but you should leave the fundamentals out of technical analysis and just trade the price. As we get into the bullrun of 2024/2025, underperformers should top out first. You can refer back to the previous bullrun to see what I mean. Tbf, Hut took a hit when ETH went proof of shit on the industry, and left many miners holding the bag. Hive is another one that took a hit, but its also one of the most lean and efficient miners in the space and was able to recover more quickly. Hut basically had to decommission hundreds of thousands of GPUs, millions of dollars spent. Management also likes fat salaries, as it is a popular mining company. But they have had zero growth in years, unless you count the added hashrate that USBTC brought to the table with the merger. That puts them at 7 exahash, which is mid low tier these days. What can change this company around? If they announce a massive fleet upgrade miner purchase. Their bid for four power plants looks like its a go, and if they can actually manage this right then there is enough power to get to about 15 exahash. That's a lot of ifs. Update on Hut 8’s Stalking Horse Bid for four natural gas power plants including the North Bay Bitcoin mine markets.businessinsider.com Technicals : Fakeout under the trendline to a 786. I'll be looking for price to close above here. Highlighted box is 618 of major swing pivot. I'll keep this updated when we get more information on the combined companies revenue. ✌️Longby AvenueWorkUpdated 6634
$HUT Reaction as support - LongHUT8 Completed a bullish bat on the 4h at support, it is now showing potential for 3 rising valleys at a zone where its is very easy to manage risk. We are bullish on btc and all the variables are lining up here also. Longby SynergyTradingSetupsUpdated 553
HUT surge After HalvingIt's clear that BTC halving has a strong positive effect on BTC mining stocksby AJMourot113
Dead businessBitcoin mining: Business born dead They have one disadvantage compared to Bitcoin. Getting pumped with fake dollars. Send them all to zero.Shortby mitsandwitsUpdated 222
Hut 8 Mining will follow this trend. Double Arc confirmed $HUTEveryone hates Hut 8. Its been carried by institutions for the past few months and even I am tired of it. But I think if we wait, the reward is right around the corner. Increased position size 150%. You will get upper 20s this year, if not more. Longby rl268417992221
$HUT - Another view, target $16-17?Updating my past idea with some lower targets. It looks like we're in a large downtrend channel. We've just tested the bottom of the downtrend channel and now have turned up. I think the next big move is to test the top of the channel around the $16-17 target. I don't think we'll break the channel because 3rd tests rarely break. 4th+ tests break the channel. Therefore, I think if we get up to the top of the channel, that's a great place to sell. I think this move will happen somewhat quickly because of how fast we fell. That and BTC and alts both look bullish and I'm anticipating a correction towards the end of Feb into March. First targets would be the $12-13 range. Then I could see a correction before the last move up to $16-17. Let's see if it plays out or if my previous interpretation is correct.Longby benjihyamUpdated 262610
HUT Hut 8 Corp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HUT Hut 8 Corp prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $3.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 225
Hut 8 Mining Surges 12%, Prior 32% Revenue BoostHut 8 Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining sector, has unveiled impressive financial results amidst the ongoing Bitcoin rally. The company's recent report reveals a substantial 32% surge in revenue over the last six months, reaching a commendable $60.6 million by the end of December 2023. This remarkable uptick in revenue is further underscored by Hut 8's ( NASDAQ:HUT ) transition from a previous net loss to a significant net income of $6.2 million, marking a pivotal turnaround in its financial performance. A key driver behind Hut 8's ( NASDAQ:HUT ) success lies in its efficient Bitcoin mining operations, with the company managing to extract 1,244 Bitcoins during the reporting period at a mining cost of $18,815 per Bitcoin. Notably, Hut 8's ( NASDAQ:HUT ) Kprudent energy management is evident in its energy cost per MWh, standing at a competitive $44.52. However, what truly anchors Hut 8's financial strength is its substantial Bitcoin holdings, boasting 9,195 Bitcoins valued at approximately $388.1 million as of December 31, 2023. This robust asset base not only bolsters the company's balance sheet but also positions it favorably to capitalize on the ongoing Bitcoin bull run. Indeed, Bitcoin's meteoric rise in value, surging by 60% since the start of the year and breaching the $70,000 mark in early March, has propelled Hut 8's fortunes. The increasing adoption of Bitcoin, fueled by the introduction of spot Bitcoin ETFs in the U.S., has attracted both institutional and retail investors, driving up demand and market capitalization. With Bitcoin's market capitalization surpassing $1.4 trillion, solidifying its position as the eighth-largest global asset, Hut 8 Mining ( NASDAQ:HUT ) is riding the crest of this digital currency wave.Longby DEXWireNews5
Hut callThe chart looks ready. Bought April 5th $7 call for $2.55, very low premium. I think CRYPTOCAP:BTC will be definitely higher next week. by qyu0011
Undervalued BTC miner trading below HODL/NAVHUT is a prime candidate for a bounce in the beaten-down crypto mining space with its Bitcoin HODL position + cash exceeding current market cap. Filled 6.77 USD gap yesterday. Heavily shorted following the predatory "research" report. A squeeze may now be in order.Longby wealth_bakery221
Hut 8 Shuts Down Alberta Bitcoin Mine Amid Energy CrisisHut 8 Mining Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining industry, faces the harsh reality of the energy crisis as it announces the immediate closure of its Bitcoin mining facility in Drumheller, Alberta, Canada. The decision, driven by escalating energy costs and power disruptions, underscores the challenges confronting miners in today's volatile market environment. The Drumheller site, once a cornerstone of Hut 8's ( NASDAQ:HUT ) operations, now symbolizes the struggle against the mounting pressures of the energy crisis. CEO Asher Genoot's acknowledgment of elevated energy costs and voltage issues reflects the harsh economic realities that have forced the company's hand in shutting down operations. In a strategic pivot, Hut 8 plans to relocate its Bitcoin miners to its Medicine Hat facility, seeking refuge in a more stable operating environment. The closure of the Drumheller site echoes broader trends in Alberta's energy landscape, characterized by soaring electricity prices and regulatory scrutiny over cryptocurrency mining projects. The province's 1,000% increase in electricity prices since 2017, coupled with government concerns over power usage, has cast a shadow over the viability of mining operations. The looming Bitcoin halving event adds another layer of complexity, further dampening profitability prospects for miners already grappling with market uncertainties. Hut 8's ( NASDAQ:HUT ) financial woes mirror the challenges confronting the cryptocurrency market at large. A 57% decline in revenue for the first nine months of 2023 reflects the downward pressure exerted by falling Bitcoin prices. Despite these setbacks, Hut 8 ( NASDAQ:HUT ) remains a formidable presence in the Bitcoin network, contributing significantly to its processing power. In addition to operational challenges, Hut 8 ( NASDAQ:HUT ) has weathered scrutiny in the financial markets. Allegations of legal issues involving its partner, USBTC, in a $725 million merger deal rattled investor confidence, leading to a sharp decline in the company's stock. Hut 8 ( NASDAQ:HUT ) has vehemently refuted these claims, emphasizing its commitment to transparency and integrity amidst turbulent times. As Hut 8 ( NASDAQ:HUT ) navigates the tumultuous waters of the energy crisis and regulatory challenges, resilience and adaptability emerge as crucial survival traits. The closure of the Drumheller site marks a strategic retreat in the face of adversity, but the company remains poised to overcome obstacles and seize opportunities in the evolving cryptocurrency landscape. With a steadfast commitment to innovation and sustainability, Hut 8 charts a course towards a brighter, more resilient future in the world of digital mining.Longby DEXWireNews2
Bullish Inverse Head and Should on Hut8Hut8 has a lot of Bitcoin on its balance sheet. Bitcoin mining fees are going up due to Bitcoin NFT and ordinals. Bullish AF. Longby ethmikeUpdated 118
$HUT update $6.30-6.70 bottom, target still $20+I'll be the first one to admit that I didn't see NASDAQ:HUT going this low. I rode calls and spot from $12-17.80 but then reentered way too early between $13-$9. We did get the capitulation move to the downside today, I'm still holding my position as I still think the move will pan out that I'm expecting. I just got the timing and the reentry targets wrong in my previous interpretations of the chart. Why am I expecting upside from here to new highs? 1. I think we're going to see one more massive run in alts from next week into Mid-February which brings new capital into crypto. This should also benefit miners. 2. The chart looks like we've finally bottomed. Because we went down so quickly, there's an imbalance on the chart which should resolve itself in a powerful move to the upside. 3. Sentiment is in the dumps. If we get a strong move tomorrow higher, I might exit some of my calls that are in profit, and wait until Monday or Tuesday next week to enter. We still have a thick ichimoku cloud that I don't think can break the $13-14 level until after next week. I don't expect the trend to fully turn bullish until Monday or Tuesday next week after that pivot on the chart. I don't expect the top targets to get hit until early to mid Feb. Let's see if this is the correct interpretation of the chart.Longby benjihyamUpdated 16168
HUT8: Potentially BearishContinuation with my Crypto Miner stock analysis, here are some thoughts on HUT8. I was hoping this stock would react more how I would originally expect, but it did the opposite. We are in a bit of a weird spot here with this one. If you take a look at the fixed range volume profile, a questionable sign is that we entirely lost the Value Area Low, as well as Range Point of Control marked in blue. Technically if you are hoping for more upside we must first reclaim the lower orange value area. However, to the contrary we are quite literally at the lowest levels of this stock which should still be a DCA if you believe in this company. If we cannat reclaim the lower orange value area low, it might be likely that HUT will bleed to a lower price demand zone. Its also important to consider a few other things. 1. Hut is currently not a profitable miner, although perhaps they may be one day we are still in a volatile time period economically. 2. The halving event approaching in spring may potentially continue a bleed before the real rally. 3. Bitcoin has likely topped, or will top soon. So it seems unlikely for ANY mining stock to make new highs, unless they are profitable. Due to the nature of my trading style, I would likely be patient on miners moving into the spring. At that point well likely see a good opportunity to accumulate. I would personally approach this one with caution at the moment, if this stock does not immediately bounce from this zone, it can be a strong sign of weakness. However, if we do get a bounce here, I dont quite expect it to be long lasting. by afurs1Updated 3
HUT - a crypto-mining stock setting up for a long tradeHUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or less parallel channel and testing the lower support trendline of that channel. The last trend down took about six weeks. A Fibonacci 50% retracement would take price to 12 while the top of the channel resistance which is falling would be in the zone of 14. Accordingly, a long trade could be potentially in the range of 55-100% or so over two months or less. The stop loss set below support at 5.3 would provide for a good reward-to-risk ratio. For those who follow fundamentals and catalysts, HUT has a new CEO who is a turnaround specialist. Plan- I will watch to see the short time frame RSI in green cross over the 50 level. I will then zoom into a 60-120 minute time frame and look for an entry point with narrow-range candles also going red to green and then take a long trade with those two targets. There are no options for this stock as far as I can tell.Longby AwesomeAvaniUpdated 1
$HUT $48 by Christmas Ho Ho HOE?Will this go to $48 by xmas? Time will tell but based on the arc, it has touched it 4x already and is on its way upwards. Company smells like diarrhea, but maybe it has taken some immodium and plugged the mess. Longby rl2684179920
Hut 8 Corp Appoints Asher Genoot as CEO Amidst Strategic ShiftHut 8 Corp ( NASDAQ:HUT ), a prominent Bitcoin mining company, has announced the appointment of Asher Genoot as its new CEO. Genoot, who previously held key roles within the company and US Bitcoin Corp (USBTC), steps into the CEO position following a recent merger and amid a dynamic landscape in the cryptocurrency mining sector. The Leadership Transition: Former CEO Jaime Leverton's departure, effective immediately, marks a pivotal moment for Hut 8. ( NASDAQ:HUT ) Leverton's tenure saw the company navigate critical phases, but now, as the company stands at a transformative "inflection point," the board of directors deemed a change in leadership necessary to propel Hut 8 ( NASDAQ:HUT ) towards market leadership. A Strategic Shift: The appointment of Genoot aligns with Hut 8's ( NASDAQ:HUT ) strategic pivot. With a focus on accelerating growth and solidifying market position, Genoot's track record and expertise make him a natural fit for steering the company through this crucial phase. His tenure as COO and President of USBTC, coupled with his recent role as President of Hut 8 ( NASDAQ:HUT ), underscores his deep understanding of the company's operations and industry dynamics. Building on Strong Foundations: Acknowledging Leverton's contributions in laying a solid foundation for Hut 8 ( NASDAQ:HUT ), Genoot emphasizes the importance of a smooth transition. Leverton's leadership fostered innovation and talent within the company, setting the stage for its current trajectory. Genoot's commitment to strengthening operations and driving profitable growth reflects Hut 8's ( NASDAQ:HUT ) renewed focus on creating lasting shareholder value. Operational Expansion: The recent agreement with Marathon Digital highlights Hut 8's ( NASDAQ:HUT ) strategic maneuvering in the competitive mining landscape. The termination fee of $13.5 million, paid by Marathon Digital, signifies Hut 8's ( NASDAQ:HUT ) agility in optimizing its operational portfolio. This move allows Hut 8 ( NASDAQ:HUT ) to streamline its operations and reallocate resources effectively, enhancing its competitiveness in the market. Conclusion: As Hut 8 ( NASDAQ:HUT ) embarks on this new chapter under Asher Genoot's leadership, the company stands poised to capitalize on emerging opportunities in the Bitcoin mining sector. With a clear strategic direction, a talented team, and a commitment to innovation, Hut 8 ( NASDAQ:HUT ) is primed to solidify its position as a leader in the evolving cryptocurrency landscape. Genoot's appointment signals a bold step towards realizing the company's vision and delivering value to its stakeholders in the rapidly evolving digital economy.by DEXWireNews2
$MARA Has Agreed to Pay Hut 8 A Termination Fee of $13.5 MilHut 8 Mining ( NASDAQ:HUT ) finds itself at the crossroads of change. The recent agreement with Marathon Digital marks a pivotal moment for Hut 8 ( NASDAQ:HUT ) as it prepares to relinquish operational control of two bitcoin mining facilities in Granbury, Texas, and Kearney, Nebraska. Marathon's willingness to pay a termination fee of $13.5 million underscores the significance of this transition, shedding light on the evolving landscape of the crypto mining sector. The story begins with Marathon Digital's acquisition of the mining sites from Generate Capital for a substantial $178.6 million. Despite the change in ownership, Hut 8 ( NASDAQ:HUT ) continued to manage operations under a pre-existing agreement with the former owner. This situation led to Marathon Digital paying a termination fee, a noteworthy development in the broader context of the crypto mining ecosystem. Operational Transition: The agreement dictates that by April 30, Marathon Digital will assume full operational control of the acquired sites, bringing an end to Hut 8's ( NASDAQ:HUT ) provision of managed services. The termination of Hut 8's $1.2 million monthly contract, with over four years remaining, represents a significant financial decision for both parties involved. Marathon's Perspective: Marathon Digital, with an eye on cost optimization, aims to reduce operating fees by taking direct control of the mining sites. By doing so, the company anticipates improving its production cost to mine bitcoin at these facilities. Marathon's Chairman and CEO, Fred Thiel, emphasizes the strategic advantages of owning and operating the assets directly, highlighting the potential for increased influence and operational efficiency. Hut 8's Response: Hut 8, on the other hand, acknowledges the contributions of its teams at the Kearney and Granbury sites and expresses confidence in an orderly transition of operations. President Asher Genoot recognizes the talent and dedication demonstrated over the past year, signaling a positive outlook for the company's future plans. As Hut 8 ( NASDAQ:HUT ) forgoes the lucrative $1.2 million-per-month contract, the company positions itself for potential strategic moves and developments in the evolving crypto mining landscape. Conclusion: The unfolding narrative surrounding Hut 8 Mining ( NASDAQ:HUT ) reflects the intricate dance of adaptation and strategic maneuvering within the cryptocurrency industry. As Marathon Digital takes the reins of operational control, both companies are poised for new opportunities and challenges. Investors and industry enthusiasts will be closely watching how Hut 8 ( NASDAQ:HUT ) navigates this transition, anticipating updates about the company's future plans and potential shifts in the crypto mining market.by DEXWireNews3
Btc Miners moving upHut 8 mining with a nice break out last week. I went long after the consolidation and the break to the top side. NYSE:HR tf with a nice push to the top side breaking through ma. Currently i have a short term target of 12. Still be cautious of one btc dip possibility. by pippin_aint_easy793