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How are you preparing for a probable BTC EFT approval?
Since BTC is getting attention here’s some stocks that are correlated (in no particular order)
MARA CEO: Bitcoin Needs to Drop 80% Before We Lose Money on Mining
If you are interested in investing in the bitcoin miners here is the content you want. Ive been purchasing long term calls in RIOT MARA and HUT for the last 18 months. First RIOT option was when it was $2, its been an amazing run. Now I'm adding BITF
Crypto Mining Stocks: Why MARA, RIOT, ANY, HUT, BTBT Are Gaining Today
Hut-8 and block chain for future restrictions
GymRocketCrypto $GAINZ The first of its kind FITNESS CRYPTO
GymRocketCrypto $GAINZ The first of its kind FITNESS CRYPTO
GymRocketCrypto $GAINZ The first of its kind FITNESS CRYPTO
Guide to Bitcoin Mining Stocks | RIOT, MARA, BITF, HIVE, HUT Comparison and Analysis
I spent 50 hours doing DD on the 5 biggest Bitcoin Mining Stocks. Are they a better investment than Bitcoin?
Check out GymRocketCryptos new video!
Cryptocurrency Mining Stock DD, Price Targets and Analysis
How to invest in crypto by investing in the stock market.
Bitcoin exposure in the stock market. Diversification
Mentions
One of my miners, HUT up 5% for some reason (frontrunning?)
I've been buying HUT, MARA, and RIOT off and on for about 3 years now, unfortunately when everything crashed into oblivion back in late 2021 I had some unexpected expenses and had to sell at a massive loss. I've been trying to rebuild my position in them but it feels like I'm late to the party now and they just refuse to move with (or outpace) bitcoin anymore. I can just picture the near term future where BTC is breaking 100k and all the miners are flat or red. So frustrating.
Anyone betting on miners too? Got some CIFR, HUT, WULF, RIOT heard SQ does some custody too- don’t quote me
If it doesn't work out I'll continue living in my van and working 340 days a year and filing bankruptcy in 2 years. If it works out I retire in 9 months. My portfolio is 170% bitcoin and bitcoin stocks. (COIN, MSTR, MARA, RIOT, IREN, HUT, CLSK, WULF, BITF.)
Invest in miners . CORZ + HUT + CLSK + WULF . Some like IREN too.
1. **Marathon Digital Holdings (MARA)**, Las Vegas, 23.7 EH/s 2. **Riot Platforms (RIOT)**, United States, 18 EH/s 3. **CleanSpark (CLSK)**, Texas and Georgia, 15.6 EH/s 4. **TeraWulf (WULF)**, New York and Pennsylvania, 5.5 EH/s 5. **Hut 8 Mining (HUT)**, United States and Canada, 7.5 EH/s 6. **Bitfarms (BITF)**, United States, 3.5 EH/s 7. **Core Scientific (CORZ)**, United States, 17 EH/s
There was a point a few months where HUT 8's market cap went below their bitcoin holdings. Had a small position before but significantly increased my holdings when it happened. Pretty much got all the companies assets for free which includes like 1 Gigawatts of power which could be used for mining bitcoin or hosting AI data centres. It has 3x from the bottom and it up 60% in the last month.
I hope it bottoms out around $55,000. Like what the other comment said. Inflation subsiding & equities going up. I’ve shares of some crypto stocks WULF, HUT & CLSK. Fingers crossed 🤞🏾
Did you own mining stocks? I had a large bag of HUT and sold it a few days ago when it was 13 bucks. Hopefully it goes down to 9 so I can buy back in and just sit on it for a while. My luck, it'll skyrocket now...
HUT recovered quite well from the the post-halving dip. Do you know when to expect new financial reports?
Yes, although BITF, IREN, and CLSK are my current faves. HIVE has smaller mining growth plans, but could still do OK if Bitcoin goes up, or HPC takes off. HUT just went through a merger so the market is cautious for now until we get some more financial reports to look over.
MARA, HUT, CLSK, HIVE, RIOT… are all miner companies that you can keep an eye on …
I’ve been doing in depth analyses on all the public miners trying to answer that and I haven’t figured out whether it truly will be profitable. Maybe? But I’d say that it’s not as simple as just plugging one in and then another and then another. You have to build the infrastructure and all so somebody has to make the hardware and that’s what Bitmain and Whatsminer and all does and then there those that specialize in building out the infrastructure and powering them up. I’m still unsure, it seems that so many of these purely fund their BTC holdings with equity raising and then tout their “HODL” strategy which I think is kind of dumb. If you think BTC is going up you should be building up your hash rate to mine more and sell more. Basically the investors have paid for you to buy BTC and sit on it instead of building up your operations. Anyways that’s my conclusion so far, HODL = Has Only Drastic L’s. (HUT, HIVE). I’ve supported RIOT too but they’ve been stagnant for like 2 years. Hopefully things pick up soon but yeah HODL is a gimmick, you’re not an ETF.
It's not a good market cap/EHs comparison. Some miners like HUT hold, while others sell. Comparisons should exclude unencumbered bitcoin from their market caps. If you don't do that, you risk comparing the combination of mining operations (EHs) and the existing inventory of Bitcoin, which is what's happening now. The reason for the wild variation in Market cap versus EHs capacity is probably rooted in this.
>Hedge Funds Weigh In On Hut 8 >A number of hedge funds and other institutional investors have recently bought and sold shares of HUT. Van ECK Associates Corp lifted its holdings in Hut 8 by 15.7% in the third quarter. Van ECK Associates Corp now owns 2,198,471 shares of the company's stock valued at $4,287,000 after acquiring an additional 297,552 shares during the period. GSG Advisors LLC acquired a new stake in Hut 8 in the third quarter valued at $273,000. Wellington Management Group LLP lifted its holdings in Hut 8 by 203.4% in the third quarter. Wellington Management Group LLP now owns 1,125,958 shares of the company's stock valued at $2,224,000 after acquiring an additional 754,891 shares during the period. SteelPeak Wealth LLC acquired a new stake in Hut 8 in the third quarter valued at $393,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Hut 8 in the third quarter valued at $3,429,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.
Do you have any insights about the miner stock prices themselves? I used to hold a few like HUT and MARA and noticed them doing rather poorly as of late, my gut instinct would have been that BTC at a new ATH should make all the miners explode, but it seems to be having the opposite effect. Anytime I'm that wrong about something I'm curious what I may have missed!
Wefunder is legit. It's been around for a long time. This particular outfit seems sketchy. I wouldn't invest with them. If you want to invest in bitcoin mining, buy MARA or HUT or BRPHF (these are stock tickers of publicly traded companies). What competitive advantage does this upstart have over the established players?
HUT! New CEO, attacked by short report, HODL 9100 BTC, and owns the power it uses for mining!
What's your fave miner? MARA? RIOT? WULF? HUT? CLSK?
HUT has been selling all their production for a few months now..... and they've pretty much said in their latest press releases that their new strategy is to dip into their stack to improve operations... HUT is not a HODL company anymore. at least not for a near future...
HUT isn't going to blast off in a couple months from being added to the SP500 like MSTR is. There aren't that many shares available and there is a huge short interest. It will be the mother of all short squeezes.
i'm a bit wary of HUT right now. they used to have an explicit "HODL strategy"... but over the past few months, they've been selling all of their btc production (ie, NOT adding to the stack) and now, they saying they will dip into their stack. (at least this is how i interpret it.) >"We also announced a new treasury strategy that will allow us to deploy our stack to strategically grow the business and we relentlessly focused on improving our operations.” https://finance.yahoo.com/news/hut-8-operations-february-2024-113000575.html
Canadians would be subject to capital gains on the btc, where you would lose no more than 25% of their profit. They can be sheltered through a TFSA which is capped at $95,000. Which is roughly the price of a btc in CAD. It's speculation, but HUT will outpace btc at this point as it's trading at <1x NAV. This won't last forever and would be a bet I'd take if my TFSA wasn't already packed with securities.
One would be better off selling btc, then buying HUT, waiting for a few x, then selling HUT to buy back into btc.
It's trading less than NAV even. HUT is absolutely, stupidly undervalued, while MSTR is overvalued. The markets are not efficient, because fiat corrupts and distorts everything. But nothing beats raw cold storage Bitcoin.
Dunno about HUT. Arbing your revenue is kinda dumb imo. The play for me is feeding back into the ETF's and retail exchanges. Not what is effectively a miner that hordes BTC to leverage for more mining equipment. I would rather buy more BTC. The ETF's have the added value of being put into more funds as no-coiners come to grips that this asset will outperform just about everything.
Interesting thread. I’m mid 60’s. Didn’t get Orange pilled until 2021. First buy at $64k in ‘21…a smash buy. Weekly DCA and HODL since then with a large smash buy at $19k with my 2022 SEP IRA funds. Over last three months, have converted my brokerage accounts to 80% BTC proxies - MSTR, COIN, HUT, RIOT, MARA and my largest holding…BITB. Total allocation now at 50%. Risky, but I’m a believer. I lost everything in the ‘08-‘09 debacle. BTC will allow me to make up for decades of lost savings after the ‘09 real estate losses.
Why are they diving on this epic up day? RIOT down 7.02%, HUT down 6.35%, CLSK down 13%, BITF down 10.73%. MARA is up 2.23%. Have investors lost confidence in this BTC proxy class? Have they decided to just play MSTR and the ETF’s? Opinions?
Any idea why the BTC Miners (RIOT, HIVE, HUT) and even MARA are underperforming BTC? Historically they always gained more than BTC itself.
Last cycle, some miner stocks outperformed BTC by a decent margin. Some of them are doing it again this cycle. A year ago I bought 1 BTC at $17k and bunch of CLSK at just under $3. The BTC is up about 430%, the CLSK is up almost 700%. I also bought some HUT, it more than doubled, then dropped back down to about what I paid for it when they shifted focus to AI. I sold that and bought ETHE and IBIT instead.
Thnx. I split up 30k between MSTR, COIN,BITF, MARA, and HUT in January on the NYSE. They have far surpassed my BTC holdings
I think I'm going to start a position in $HUT again. Hasn't run very much compared to others like marathon and cleanspark.
I sold some crypto mining stocks 5 minutes before the closing bell on Friday (MARA, RIOT, CLSK, HUT) after a nice run up. When Btc drops 5% these stocks drop 10-15% then I'll rebuy. I know buying low and selling high is the opposite of what we're supposed to do, but I'm still learning. 🤙🏼
Just bought HUT on Tuesday… I think I might ruin this for everyone if I get greedy
I have a same question since I own HUT shares
Most mining companies stock on coin HODL, for eg; HUT8 has over 500 million in bitcoin. Market cap: 664 million. IMO the halving has already been priced in and is only waiting for the decrease in supply to pump the price, allowing companies to purchase for capital to mine.
HUT has almost 10k BTC…….i like HUT
GLD, IAU are available to Vanguard clients. In fact, until recently you could buy MARA, RIOT, HUT, GBTC. They are fucking themselves. I transferred my account last week.
No reason to wait for ETF to invest your retirement account in BTC. I use Unchained Capital. You can also use Swan. My Unchained account is multi-sig. I hold two of three keys. They charge me $250 a year flat fee to maintain. This avoids all % fees that will be charged by ETF sponsors. For additional BTC exposure and to hedge my BTC bets, I also trade MSTR, MARA, HUT and COIN.
I have trading HUT, MARA and MSTR successfully for a couple of months. I loaded up this week to hold through ETF approval. My thought is that they may appreciate faster than BTC. Just hedging my bets. Should be an exciting week and month.
I think HUT and MARA has at least a 3x before the year is over or first quarter of 2025 vs current prices.
Past cycle peaks indicate the next peak should be around Dec 2025, so I anticipate being done selling by then regardless. Based on the most recent cycle, I think the previous ATH could break around Dec 2024, which gives 12 months to sell. But it could happen later (could be 6 months later, based on the two earlier cycles), so we need to be ready for that too. Also: I actually have a few different selling schedules, based on the product and how it acted the previous cycle. BTC/ETH Proposed "Tail-Weighted-Average-Out" 12-month selling schedule, starting 1 month after the previous BTC cycle's peak price (USD$67K) is first surpassed. \--- HUT/HIVE/BITF/GLXY/MARA Proposed "Double-Top-Weighted-Average-Out" 12-month selling schedule, starting 1 month after the previous cycle's BTC peak price (USD$67K) is first surpassed. \--- DMGI/DGHI/RIOT Proposed "Center-Weighted-Average-Out" 4-month selling schedule, starting 1 month after the previous cycle's BTC peak price (USD$67K) is first surpassed. \--- Caution: A lot of this is just educated guessing. Nobody knows anything, really.
The various independent stocks are historically known for climbing in value 5X faster than BTC itself; Friday was a downer of 5-30% and ai track block trades over 100k Who - Block Buy/Sell ratio - Shares - Price ANY ARBK BITF - 3B/1S, 671kB on the close, noon sale is weird time of 132k @2.91 *So if you're gonna sell off 132k shares why there than during the drop ? Say 3.25/$429k, but no, wait 2hrs an sell for $384k 🤔* Thats a big buy for BITF too. BTDR CIFR - 1B/1S/1F, 153k buy @ close, 187k sell @4.10 weird time like BITF CLSK - 1B/3S, **1.6M** shares on the close = $17,625,672.03 spent single purchase, very rare. 3S of 350k total within opening hour. COIN - 1 flat trade (no B/S;) of 339k @ 173.91 CORZQ DGHI DMGGF FDIG GBTC GREE HIVE - 1B, 161k on the close HUT - 1B, 110k @13.34, after hours MARA - 6B/1S, 1B of 500k on Close (23.48) ana (expensive ?) 250kB @$28.97, 102kS @12.56 MIGI MSTR RIOT - 2B/1S, 785k B on the close, 144k B on the open, Sell 127k @15.40 SDIG SLNH WULF - 5B/6S, 380kB @2.39,300kB @2.32, 6 Sells of 100k or more 2.3 to 3.02 pricing. 2 at 9:40,10, 10:45, 11, and noon.
My 401k and retirement accounts all consist of either $GBTC, $BITO, $MSTR, $HUT, or some bitcoin only mining companies.
BITF or HUT. other person was right w.r.t BITF making a nice dent in their debt. does SOS still mine in chicken coops? i forgot about them since 2021. cazenove_uk posts a lot of analysis you my be interested in. i hope you're supremely comfortable with volatility..
HUT 8 has not disappointed me to date. Was invested last bull run and already 2.5X my money with them this time around. Lots of room to go too
Man idk lol all I know is to buy more MARA, RIOT, and HUT and other bitcoin miners 🤣
Good ones like $HUT, $MARA, $BITF, $WULF
Yes. Bitcoin is inverse of CBDC. Buy as much bitcoin as you can, or as I play it with HUT MARA BITF...for more returns. Lol
I feel these miners, MARA/HUT/BITF/etc will get hit up and contracted to mine BTC for these brokerage companies. Why go to an exchange when they can go to the source?
i prefer making my own bitcoin standart, for leverage on the BTC run i prefer miners like BITF, MARA, RIOT, HUT
Not all miners automatically sell their block rewards upon receipt. This is mainly applicable to low and medium-low sized miners, which have already been pushed out of the market in the last 2 years, with the other smaller shops currently facing a flurry of M&A with mining giants like HUT, RIOT, etc. The orderbook supply is mainly filler by day traders and bots, not by miners. This is a huge misconception that is supported by no data. The big miners are staying on top of millions and millions of BTC and investment budget. They are currently using those funds to consolidate the mining market (thousands of mining rigs are being ordered as we speak for example) while purchasing smaller mining operations. See [here](https://www.coindesk.com/business/2023/12/08/bitcoin-halving-is-poised-to-unleash-darwinism-on-miners/) for example The halving of block rewards won't result in a reduction of order book supply, it will only do the only thing that is logically expected to do based on economies of scale: reduce the number of sellers on order books through market consolidation and centralization
Mining stocks can be a good short term play but a long term hold is trickier, e.g.: MARA down 85% down all time RIOT down 98% all time HUT up 316% all time BRPHF up 359% all time Good on you if it made you money though.
RIOT and HUT. They are both lagging behind the BTC gains so far.
MARA, HUT and others will pop off later in the bull market
Bitcoin has nothing “ON CHAIN” that is sanctioned and it also has no dashboard that I’m aware of to check for censorship. It’s not a theory it’s already happened and didn’t even require sanctions… place a mixing service on chain and watch all the U.S. and some others stop including those transactions that have sanctions on them. Do you really think HUT 8, Marathon mining, Foundry USA and others will risk losing there business and going to jail over a couple transaction fee’s that make would make up less then 1% of there revenue, if any revenue at all.
Idk how meaningful a pump would be though as there’s already ways for BTC exposure if a stock trader is serious—GBTC, MSTR, HUT/RIOT/MARA…. I don’t expect a pump but not much of a dump either unless prices bubble quickly like they have in prior markets, we may dump and retrace a bit in the next few months but will likely still end with a huge rally next year
Borrowing to speculate is a big red line for me. As is putting a large portion of your portfolio into this space (not sure if that applies or not). I sincerely hope it works out for you anyway. IMO you're a bit early, in the sense that I think we are near the top of a false bull run at the moment, maybe. But late in the sense that the Bitcoin cycle low was likely last November. Especially early for investing in miners (like BITF), who tend to under-perform Bitcoin in the medium and long term, but can massively out-perform in the extremely short-term IF you buy JUST as Bitcoin really takes off, and sell at the peak (don't hold through to the next 4-year cycle). This is VERY hard to do. My guess is next spring/summer would be a better time to buy most of the miners. Might want to diversify into 2 or 3 of them too, just in case. As a fellow Canadian, HIVE and HUT might pair well with BITF. DMGI and DGHI are even more risky. HIVE might actually be okay from today, based on past performance one year ahead of a bull market in Bitcoin. I'm just an average idiot, though. YMMV.
Are you invested in any? Crypto mining companies usually go up a lot later in the bull market. I made good money off HUT last bull market. Should probably buy in soon again
Same here but with Hut and MSTR that is a way to ‘trade’ without ever selling your sats. I think it’s a good strategy. Timed it pretty well buys MSTR a little over a week ago before the recent run up. I kinda wish I had bought more BTC rather than HUT8 though it’s not been doing great so far.
I second HUT8. Can be done in the TFSA for tax free and holds a whopping 9k self mined BTC roughly
I second HUT8. Can be done in the TFSA for tax free and holds a whopping 9k self mined BTC roughly
RIOT has 4x the market cap as HUT yet holds fewer BTC. Why is that?
What mining companies you like? Cleanspark, HUT, and HIVE are my favorites.
I'd add undervalued Canadian mining stocks such as BITF (my favourite), HIVE and HUT (they hodl all the coins the mine, 9k+ so far)
Yes, a company is profitable when it makes money. Right? MARA, HUT, and RIOT are not profitable.