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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
Crypto Gold Rush: Unveiling BlockQuarry's Explosive PotentialAlright, folks, we're diving into the BlockQuarry (BLQC) charts, and it's turning into quite the thriller. Picture this: every time our modified Golden Ratio indicator winked with a Golden Cross, it's been like setting off fireworks. First stop, December 2020 – a rocket launch. In 72 days, we witnessed a jaw-dropping 2329% gain. Then, cue July 2021, and déjà vu hit with a 779% gain in 77 days. Fast forward to January 2023, another Golden Cross, another quick 129% gain in just 21 days. Now, here we stand, on the brink of Golden Cross number four. But here's the kicker – every time this happened, we saw the price bust out from a bullish flag. It's like the market whispering, "Hold onto your hats, we're gearing up for something big." And here's the plot twist – zooming out, we've got this falling wedge pattern. It's like a coiled spring ready to explode. The price is teasing us, right under the resistance from the upper line of the wedge, signaling a potential breakout any moment. Now, let's throw Bitcoin into the mix. The whole crypto scene is heating up, and these miners, like BlockQuarry, could be the wild cards in this high-stakes game. Bitcoin's rise could be the wind beneath their wings, turning this into a high-risk, high-reward play. And if that's not exciting enough, over the last two weeks, more folks are jumping in to buy, and there's a distinct lack of sellers. It's like the crowd is getting fired up, sensing the potential for big moves. But, and it's a big but, let's not forget this is high-risk territory. It's the kind of play where fortunes can be made or lost. Keeping a keen eye on volume, anticipating that breakout from the falling wedge, and staying tuned to any Bitcoin tremors or company updates is the name of the game. It's a bit like being in the front row of a rock concert, and BlockQuarry is the headliner. Fasten your seatbelts, because this could be one wild ride in the high-risk, high-reward world of crypto mining stocks. Happy trading, adrenaline junkies!
OTC:BLQCLong
by Sniper29x
2
Deep comparison of Bitcoin Miners| Gold Miners - Astonishing Something that will go unexpected is the Bitcoin miners becoming the new "alt season" in this upcoming bull market, have tried to tell my circle yet they still allocate to alt coins. . waiting for the new NFT rush. These companies own the most bullish asset on the planet, these companies are being priced like Bitcoin is going to 10k what happens if it goes to 100k? let that sink in what the thousands of bitcoin will be worth on the companies balance sheet that will reflect the company / buyback shares to fund operations in a bull market and the next bear market. Marathon Digital Holdings (example) - 10,055 Bitcoin in holdings on balance sheet $239 million based on today's Bitcoin price. why are institutions buying MARA? why does MARA have an excess market cap of $760.64M? example Bitcoin reaches 100k = $1,005,500,000 example Bitcoin reaches 500k = $5,027,500,000 Marathon hit 10.4B in market cap operations when Bitcoin barely tapped $60,000 This is just one example I'm happy to provide a slide from my research i.ibb.co This is going to create an entire new digital commodity section on the SPX, mining companies and lightning network companies will be here too. can't wait to see the web3 experts explain to their clients how they missed this one while the big players are already buying up everything. i.ibb.co
INDEX:BTCUSDLong
by FederalXBT
3
$HUT - 2 Chances HUT broke down from the inverse head and shoulders. It even has candle confirmation - spinning doji followed by bearish engulfing. It is fair to say that the IHS is NEGATED. I see 2 bullish scenarios here on $HUT . In this order: 1. Bullish divergence on $HUT. It can bounce righy here on the 4.50 support and see much higher levels: 4.8, 5, 5.5 and even higher levels. 2. $HUT loses the bearish divergence and goes for oversold zone (below 30 RSI and under). It can try to bounce here. Thanks for reading. What do you think? This is not financial advice. This is solely for entertainment purposes. Do not take anything from this idea as advice in any way, shape, or form.
NASDAQ:HUTLong
by Urmomma
Cryptocurrency Takes The Wheel - Bullsmany have greatly underestimated cryptocurrency, it will carry the market along with stocks look the market cap is sitting on the golden ratio it will continue up anyone selling crypto is blind. s3.amazonaws.com CAPITALCOM:CIX CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 AMEX:VTI AMEX:VT AMEX:VOO COINBASE:BTCUSD COINBASE:ETHUSD BITSTAMP:XRPUSD COINBASE:MATICUSD COINBASE:LTCUSD COINBASE:BCHUSD COINBASE:ADAUSD COINBASE:DOGEUSD NASDAQ:COIN NASDAQ:MARA NASDAQ:HUT
CRYPTOCAP:TOTALLong
by MaverickTrading
Jabba the HUT.Either this stock will die due to over-bloating or will tear the universe like some space-criminal gang. Two random gaps down in the summer downturn below the BBs on the daily. Then they're was one final bottom out and a rebound. HUT basically follows BTC. Do I see a BTC rally soon? It's got indicators for it which I outline in a different post but it's a little outdated. Right now MSM is basically saying GO VALUE GO OIL STAY AWAY FROM RISK OR GROWTH. Imo this is a bullish indicator. I think the institutional buyers are finishing their shorts, slowly rebuying which is why we see some consolidation. Either it rebounds (which I think it will around Feb 10th, the next CPI report) or it tanks. I think there is no in between. Though, I do see some evidence for a rebound. Volume, oversold RSI, BB pattern. Let's see how it goes but I lean bull.
NASDAQ:HUT
by nathanielandrep
Market Update and a look at fee FREE blockchain ETFs/MinersIn this video: * Should we be concerned about the price action today in the crypto space? * A quick peek at the Stock Indexes and BTCUSD and ETHUSD * Fee Free Blockchain ETF's and Miners which you can buy on Robinhood, Ameritrade, and others: GBTC MARA RIOT NDTAF HUT HIVE IREN BITF GREE ARBK ARBKF SDIG BTCM CLSK BTBT DMGGF ARKK BLOK COIN BSVUSD BCHUSD BTCUSD DOGEUSD LTCUSD ETCUSD ETHUSD Best to you all and HAPPY NEW YEAR! -Stew
NASDAQ:HUTLong
by stewdamus
2