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Cheap Stock I’m Buying Now | Bitcoin Mining Stock to Watch | Crypto Stock News | Hut 8 Mining | HUT



Cheap Stock I’m Buying Now | Bitcoin Mining Stock to Watch | Crypto Stock News | Hut 8 Mining | HUT

Welcome to McNallie Money, your daily dose of Stocks, Investments and Personal Finance!

Today we are covering Recent News from a Cheap Crypto Stock I’m Buying Now – Hut 8 Mining, ticker symbol HUT. Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Hut 8 has eight facilities that harness the power of Canada’s diverse energy sources from British Columbia to Alberta to Ontario. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction. Let me know what you think of Hut 8 and if you are currently holding any shares of HUT in the comment section below! 👇

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28 Comments

  1. GREAT!!!
    I love the grounded reality of this channel… TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This is the worst possible time in history to invest as so many don't back up their crypto assets.More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 1.8btc from day tradng with James Murray insights and signals in less than 2 weeks, this is one of the best medium to backup your assets incase it goes bearish.<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first.. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signal's. You can reach James Murray on ͲeIєɠɾαm
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  2. Bitcoin has fallen in price very significantly, now it will be stable and profitable to earn only on Crypton cryptocurrency. Because Crypton cryptocurrency has excellent price dynamics.

  3. Beginning to research miners to invest in. As a CDN, starting with HUT8. Only read Reddit, your interview with the VP, and this video.

    My investment thesis is that there is another leg down for BTC, and I'm not sure how long that will last. If BTC chops between 12-16k for 6 months, can HUT8 survive?

    The loss of ETH mining is concerning. I don't know what other PoW projects are profitable to parlay into. As a Bitcoin maxi, "web3 datacenters" just sounds like buzz word gyberish, wonder how much money is being made from that. Also not sure if the hodl strategy is ultimately going to prove to be the best in a prolonged bear market.

    That said, if they survive until the next bull run then the stock price will be bonkers. At this point, I'm just looking for miners that will survive, and get them at least 50% cheaper than current prices.

    With my limited research done so far, I'm kinda leaning just buying MicroStrategy. They are effectively a miner but don't have infrastructure and energy price risk, and are extremely likely to survive until the next bull run. We'll see though, like I said, I just started looking into miners. Cheers.

  4. Congrats on crossing the 12k subs milestone, Mr McNallie! Glad to see that Hut8 is standing firm in the Crypto space despite challenges. Leader ship makes a huge difference, especially when the industry is going through turbulent times, happy to hear that the leadership is staying put!

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