Undervalued Bitcoin miner: HUT 8 Mining. Today they are one of the biggest miners producing 1227 PH/sec, holding over 2800 bitcoins for future use and should be debt free in 2021. Expecting price action to follow BTBT, RIOT, MARA. Recommendation: ACCUMULATE.
Invest 2-3% of portfolio
Entry 2.20-2.99
Exit partial at 3.44
Exit partial or full at 5.00 plus by May 2021.
NOTE: If bitcoin spot prices remain well over 30k in 2021 then HUTMF and HUT.TO could easily become a long term holding in your portfolio and see share prices reach 10.00 plus level. BTBT has already led by example with a 400% jump.
Invest 2-3% of portfolio
Entry 2.20-2.99
Exit partial at 3.44
Exit partial or full at 5.00 plus by May 2021.
NOTE: If bitcoin spot prices remain well over 30k in 2021 then HUTMF and HUT.TO could easily become a long term holding in your portfolio and see share prices reach 10.00 plus level. BTBT has already led by example with a 400% jump.
- Category
- Bitcoin Mining
- Tags
Be the first to comment
