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Hutlong

$HUT send it to $28-$30Updating timing from my last analysis on $HUT. Still think we get a monster move higher from here that happens over the next month. It did go lower than I expected, but I've been using the move down to accumulate even more calls. As you can see from the chart, we've formed a large falling wedge, should it break to the upside we should see a big move higher. My calls are stacked between 1/19, 1/26, 2/02 and 2/09 w/ most of the contracts expiring 1/26 and most are between $13-15 strikes. My guess is that the full move should play out before the beginning of February. Let's see.
NASDAQ:HUTLong
by benjihyam
11
Hut 8 Announces a New Bitcoin Mining Site in Cedarvale, Texas Hut 8, a prominent Canadian Bitcoin mining firm, has announced an interim agreement to establish a new mining site in Cedarvale, Texas. This development emerged in the wake of the Celsius Network bankruptcy proceedings, marking a strategic pivot for both entities involved. Hut 8 Expands Operations Amidst Crypto Turbulence The new site in Cedarvale is set to become a major hub for Bitcoin mining, with Hut 8 planning to deploy approximately 66,000 miners, powered by over 215 megawatts of energy. This expansion underscores the firm’s commitment to growth despite recent market volatility. Asher Genoot, President of Hut 8, highlighted the dual objectives of this venture, to build equity with Celsius’s creditors and to bolster their managed services business. The anticipated addition of this site will bring Hut 8’s total infrastructure to over 895 MW, marking a significant milestone in its operational capacity. Construction of the Cedarvale site is slated to begin shortly, with Hut 8 overseeing a comprehensive range of services including design, engineering, financial modelling, and construction management. This full-spectrum approach demonstrates Hut 8’s expertise and readiness to handle large-scale mining operations. Celsius Network’s Ongoing Restructuring Celsius Network’s involvement in this project is critical to its restructuring plan following its 2022 collapse and subsequent bankruptcy declaration in July. The former CEO, Alex Mashinsky, faced legal challenges, including arrests on multiple fraud charges, contributing to the company’s destabilization. This partnership with Hut 8 comes after Celsius received bankruptcy court approval to transform into a creditor-owned Bitcoin mining firm. This restructuring is part of a broader strategy to repay customers and stabilize the company. As part of the post-bankruptcy plan, Celsius’s mining operations were to be managed by US Bitcoin Corp (USBTC), which merged with Hut 8 in November 2023. This merger followed a previous agreement in August 2023, where USBTC agreed to host 8,500 miners for Celsius at its Alpha Site.
NASDAQ:HUTLong
by DEXWireNews
B...T...C... 60...62...K... $HUT $HUT $HUTWhat a better day to talk about $HUT. Lets hike these BTC coins out the roof so we can get into some of these crypto stocks! So we had a gap from a few weeks back when the market dipped. Well we filled the gap and now have opportunity on the upside. We are definitely bullish here alone on the side of crypto, which could only mean good things for $HUT. According to the Fibs this stock should have a break to the 1.618. Pay attention to the direction of BTC and follow the leader. Mining stocks will 50x-100x when BTC 10x's (roughly). Also my advice to you is to get familiar with crypto stocks and companies investing in them they are all about to explode! THIS IS NOT FINANCIAL ADVICE! THIS INFORMATION IS FOR EDUCATIONAL AND ENTERNTAINMENT PURPOSES ONLY!
NASDAQ:HUTLong
by Riskitpaid
3