Bitcoin Miner Strategy Post-Halving 🟠Hut 8 CEO Interview
ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2024
- Hut 8’s new treasury strategy is set to let the company use its bitcoin reserves for growth initiatives. The mining company plans to utilize its new strategy for strategic initiatives, which could include upping its operating scale.
Guest: Asher Genoot - CEO Hut 8
Hut 8 Website ➜ hut8.com/
00:00 Intro
00:27 Hut 8 CEO
00:45 The Merger
02:22 Bitcoin Mining Strategy
04:41 Hashrate Capacity
06:00 New Digital Mining Site
09:49 BTC Sell Strategy
12:32 BTC Halving Benefitting Miners
14:17 Bitcoin Hashrate Drop?
16:07 Hut 8 Announcement
17:19 AI & DePIN Growth
21:56 Mining Technology
24:09 Outro
#Bitcoin #crypto #Ethereum
~Bitcoin Miner Strategy Post-Halving 🟠Hut 8 CEO Interview~
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Sold my Hut at CEO change for CLSK…no regrets
Bitcoin mining plus the halving is a centralising force, a race to extreme efficiency.
The stock is 1.78 a share , when you value it without it the 5 to 1 reverse split. OMG . what a mess.
Not really, great value great growth and amazing management and money to deploy. I can't figure out why you'd be stupid enough to short it given the Bitcoin price around the halvings.
I bought 2000 shares of hut at $2, sold it at $10 back when they were young, never looked back. Put the profits into BTC.
Sure troll
Hut 8 screwed investors with the merge, took a lot of their money in shares and exchanged what little was left for 💩.
What did the merger ..bring to the table ..I’ve not heard one person explain.
The mining sector is not sustainable and Asher knows this, one next gen miner release and all miners would need to upgrade their fleet again resulting in more dilution, high interest debt or shrinking margins.
All miners that have been through the last bear/bull cycle are divesting, my favorite is Mara investing in the production of their own miner. In the end all miners that continue to race the eh/s race will lose to energy companies and nation states that have a high abundance of energy.
I think Hut should double down on being the middleman, being the top infrastructure provider, the go to operator for peak performance and if possible get into mining rig production. They can ofc still mine on the side whenever profitable. But to competing in the EH/s race is a dead end imo
‘During a gold rush, sell shovels’
I think you are absolutely correct…. How do you think Miners will fair this Bullrun?
@@MrTrda During the mania i think all of them will go up, so it is a nice trade. But you have to ride the wave not hodl them. Look at all miners that have existed for a while, none of them were able to compound value (and certainly didn’t return any to the shareholders).
I think the profit margins on mining are really bad, and that’s a good thing because it prevents centralization. If it was profitable and it would compound exponentially then eventually 1 company would be able to 51% attack btc.
Fred Thiel says that only the big miners survive, but i don’t fully agree. They will need to renew their fleet every 5 years or so and the bigger the fleet the more costly the upgrades. Therefore they are stuck in a cycle of raising money and paying it back just to maintain their ‘lead’. And this could be profitable for 1 bullcycle, but after that it’s worthless. There is also no moat since anyone can raise the same ‘upgrade’ money and compete with them i.e. Saudi’s. So the real profitability comes in the end from owning the best energy sources and playing the margins. Something that hut8 & bitdeer are good at, while both smaller size.
But then again the fundamentals don’t really matter, because in the hype everything goes up anyways.
So TLDR: this bull i think there is still room to grow for all miners depending on btc price. But long term i like to see real profitability and shareholder return, instead of endless dilution and diminished returns.
@@Hodlhodl4543 🙏
Did Hut 8 merge with company name Ionic Digital inc ????? I was sent shares from the Celsius bankruptcy. Plus I also own Hut 8
4 year agreement. And with our lost money from Celcius.
Debt dilution expansion seems to be the model of the Hut new merged partner and post merge??? Risky for now . Maybe in the next halving cycle okay if proven plan
All nonesense he is saying just earning all profits and nothing for the investors, btc is all time high and halving everyday but their share price going down on the other hands Mara is going up. How we can trust hut8 anymore they have shaken their trust , with the current btc halving the hut8 share price should be at minimum 30$ canadian, in nove 2023 its price was at 23$ when btc was at 53k. Hut8 needs to increase their share price to build confidence of investors, everyday you will they decrease investors shares when btc is halving fast, very concerning for investors. They need to give up and increase investors share. Above all they did reverse spli when there was no need for it as its share price was at approx 5$. Mara is the best mining stock their share price rising with the btc halving.
Thoughts on Bitfarms?
Did anybody tell him hut is supposed to be a mining company lol he talked about everything but being a better miner
They're a great miner and a great proxy for Bitcoin given their reserves.
This guys a clown.
Hut is restructuring. It sounds like Asher really understands how to most effectively deploy capital without selling their stack of Bitcoin. This is the most positive information I’ve seen about the growth of the company in a long time.
Must be why HUT went from 23 to 8 as BTC DOUBLED!
He aint selling in short… smart man!
I sold my Hut 8 Stock a couple of months ago after holding it for 5 years. I bought Microstrategy.
Moon
I’m selling everything after watching this video. This guy exudes incompetency.
I used to think the bitcoin’s were just a bunch of shenanigans and tomfoolery but I think I might give the bitcoins a whirl.
Probably a good idea 😂
HUT 8 has really low hashrates among the miners
Low hashrates plus debts and no distinct plans to upgrades, just sold my shares.. switched to BITF.. paid their debts last month.. debt-free now
Fake news, they're the biggest miner in North America.
It is really interesting to see the miners moving to the second most profitable coin Kaspa. Follow the miners.
Miners moving wholesale into a new coin puts big sale pressure on the coin which can wreck liquidity and price - be careful out there
@@rkalla 💯 always a good idea to test your conviction. One thing that is worth considering is that BTC and Kaspa are the only two coins to follow power law and stock to flow ratio of progressive growth consistent with their halving.
They never said anything about purchasing newer faster mining machines
BITF, just upgraded their mining fleet and they're debt-free last month
Why would they? The cost of capital doesn’t make up for the returns going into the halving.
You must have some problems with reading comprehension he was asked and answered. Not only are they modernizing their fleet but moving their miners around their sites to improve profitability by 30% and they're now doing the same strategy with their AI miners.
Minners should be move to Georgia (country, not USA state) , easy taxes for them, opportunities to build electric power plants on a rivers ( a lot rivers there), and this already practicing there
And then Russia invades Georgia? Who will protect Georgia from the russians
What happens when all the miners shut down or most?
Huh? ....
I don't see them all shutting down, at least for a while. I see Bitcoin mining becoming increasingly centralized.
@@Lordearon33 There comes a point when all are mined or it become too costly to mine more. So if miners shut down is BTC network secure anymore?
Then I start mining with my desktop. Not going to happen
@@mikedonohue4984 When that happens Bitcoin will be secured by essentially nothing.
Basically HUT is looking at self inflicted shot to the brain. No longer aspects of actually being an efficient miner. Whelp.. sheit or get off the pot. Start investing the BTC proceeds into better cash flow generators. Im betting this thing loses another 20-25% nect earnings.. thats when I'll double share count lower my cost bases and get ready to exit asap.
I sold all my hut a couple weeks ago. Action has been terrible. It’s a dog with fleas as Gordon Gekko said in Wall Street. Many other better miners out there I.e., MARA, BITF, etc. That said, all miners have been looking weak lately. Will be interesting to see the action this week. If BTC goes up and miners go down again, thinking of shifting from miners into FBTC.
What's with this many fake accounts around this stock. Miners portfolios grow with Bitcoin price it's not that complicated they're a proxy for Bitcoin with extra competition to each other around the halving and profitability.
The fact you're speculating and shorting the stock doesn't reflect on the entire field even though that's what you want through this transparent manipulation campaign.
POST HALVING... BITCOIN PRICE WILL CRASH....AND IF COPA LOSES VS CRAIG WRIGHT IT'S OVER!!!
THE MINERS WILL MOVE TO BSV!!!! The profitability will be in ON CHAIN TRANSACTIONS!!...
lol that guest ends most of his statements with a question gesture.
Really weird.
I don’t think Sue fits into the new Hut 8, how much longer does she need to be around.
What a waste of high a Salary, & free options.
All a con.
In my opinion his answers are very cookie cutter; they are going to blow through their Bitcoin and won’t have - - - - to show for it. Words and theory are cheap. No matter what you do Asher it’s going to be expensive for Hut. Hut will be forced into selling off their stack. Right…. USBTC’s operations in Niagara Falls has been plagued with legal problems. You and your dream team drove USBTC right into the ground. USBTC without the Hut merger was going Bankrupt. Work harder - do better.
Asher is no leader. He doesn’t make the decisions and is afraid to because he’s young. He has a nervous shaky voice. He relies too much on the board of directors who we don’t see
Как я могу сделать более выгодные инвестиции в криптовалюту, не неся при этом больших потерь?
It bothers me that this guy is on here. All of a sudden I'm having Deja vu of the voyager and blockfi CEOs
Good thing this company has nothing to do with lending or re-hypothecating customer funds. It's a mining and data company who gets paid for performing well. So, perform they will.
MINER'S WILL MOVE TO THE BITCOIN SATOSHI VISION BLOCKCHAIN...BSV!!!
Miners just look for profits not necessarily a good project
It’s all about energy cost and hash power .
Crypto stocks
$BITF
$CLSK
$LUXX
CRYPTO’S
$NEAR 10x
$XLM 15x
$RNDR 10x
Starting to warm up to Asher as the new CEO . Never thought Leverton really “ got it “ in the crypto sense .
Asher ran his last mining company basically into the ground. USBTC. Hut plans to under-clock their machines to be more efficient for the upcoming halving. They have no plan to buy new machines to replace and expand their current aged fleet. This new site they bought, they’re moving current machines to, not buying new. I’m personally staying away from hut because there’s several other miners that have huge growth plans for 2024. Hut will get left I the dust if they continue moving this way.
SONIC INU, let's pump it!
Hut 8 100X
what a joke, they did not do well in the past year. and they had the worst permanence in the past year among the top10 miners !
Hahaha
Bring back Sue !
Is a CEO reading answers? Not assuring at all
Thought the same thing!
This kid is clueless, the only admiration I have for him is..how the f*** did he manage to get into Hut and this utterly useless merger go through and how’s he the CEO !?
HUT 23 to 8 as BTC DOUBLED since July, while BITX went from 9 to 48 from September to now. HODL FAIL. When will USBTC insiders dump half the float...unlock soon, catastrophic earnings soon...they sell more than they mine at a big loss. Higher market cap than CORZ and CORZ mines 30+ BTC a day!
Sue Ennis needs to go, as useless as Leverton was.
This guy's talk in meaningless in the face of their disastrous performance. Don't believe anything he says
Agreed…he’s talking about hodl ..what did he bring to the table.
TANGEM IS THE BEST
QNT HBAR ALGO AVAX FILECOIN JASMY LITECOIN ARKHAM
Get out while you can people
I got out on $16 and bought BITF instead. HUT is a mess now !! look at the price performance, the worst !!
@@romanbass7126 same here. Switched to debt-free BITF