great article, my money is on bitcoin explodingand HUT’s position of strength increasing. GLTA really good share, thanks! 

JLUTZ1 wrote:

Hut 8 Mining Corp, one of the largest publicly traded Bitcoin miners in Canada, is facing two major challenges affecting both its revenue potential and its cost structure. These issues – the Bitcoin halving event and network difficulty – pose a substantial problem to the go-forward path of the company.


First, the May 2020 Bitcoin halving event effectively reduces the number of Bitcoins the company can mine by 50% and therefore its revenue opportunity, expressed in Bitcoins, by a similar amount. Of course, if the price of Bitcoin were to appreciate, its revenue opportunity expressed in dollars, would not be similarly constrained. However, this is not presently the case.