Hut 8 Corp. Common Stock

  • HUT

  • $11

  • +3.36%

  • $11

  • $11

  • $10

Ticker Appearances

Thu, January 11, 2024 | 9:47AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
Thu, January 11, 2024 | 9:47AM ET
Regarding bitcoin miners, most produce bitcoin at$6000 This is why the price is leveraged to price of bitcoin MARA 0.41% RIOT 0.19% IRENHUT 3.36% WGMI
Thu, January 11, 2024 | 8:47AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
Thu, January 11, 2024 | 8:47AM ET
If one wants a leveraged exposure to bitcoinBTC, the miners are. Below regression stock price to bitcoin price:
  • Price Now -> Price If BTC$100k
    • MARA $26 -> $377
    • RIOT $16 -> $463
    • HUT $16 -> $206
    • COIN $151 -> $2,832
From the above: These are historical correlations. But you see the implied upside is large.$100k bitcoin is basically a double but miners could rise more
Tickers
Thu, January 4, 2024 | 11:34AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
Thu, January 4, 2024 | 11:34AM ET
For those following the potential spot ETF approval ofBTC #bitcoin, the clues are becoming louder and tangible
  • see tweet from chief counsel of Grayscale
  • “Forms”?
The crypto miners are highly leveraged to the spot price of Bitcoin https://x.com/craigsalm/status/1742903003399463313?s=46&t=ox_Iko2UDeJ6GX8T2qbNkw
Tickers
Wed, December 13, 2023 | 3:30PM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
Wed, December 13, 2023 | 3:30PM ET
Looks like investors starting to bid up Bitcoin and crypto stocks too post-FOMC

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