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Hut has continually been a very low performer on the miner model, however the one saving grace is their HODL bag... but this was interesting. Hut Transfers all Bitcoin ASICS to "American Bitcoin Corp", a majority-owned subsidiary created by a previous buyout of American Data Centers, formed by group of investors that includes Eric & Don Jr.

Eric Trump to serve as chief strategy officer.HUT is flat on the news.

RISK MGT

Note my miner positions are 1.5% of my Portfolio. Mostly CLSK I own as a credit from selling call options.

 

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FinalTrade

I really think these Trump folks are not very sophisticated crypto investors. Kinda feels like they are newbies.

Invested

Isn’t pomp part of that group also?

Sol train

When Mara pump let’s go

Bruh

The Trumps also bought Eth and said it was a great time to buy Eth before its recent massive dump 🤣

Living_Like_A_Panda

Could there be a resurgence of bitcoin miners giving them another shot at high valuations like the last cycle?

Cryptoknife

They have a lot of money and the best resources and information. would not bet against them.

Fender313

I hope in November that I am ecstatic that I am buying these current dips 🤞

HardasNails

James, if you love animals you won't be a fan of those two guys!!! What they did on a ''caged shoot'' in Africa was sickening.

livewire life

And yet off and on has done so well...I sold it and bought CLSK...I finally got rid of it when it went back to $14 after it's dismal drop.meanwhile HUT8 has performed so well at times. Data is data but irrationality is just plain frustrating! I don't touch miners anymore. Thanks James and team for all you do, data is why I'm here!

Crypto Monte

Excellent investment. See hut8 to the 🌑

Bruh

Clsk at 6.82 is near its bear market levels. Crazy

RonRiz978

Whats the point of holding miners at this point? I bought cleanspark at 15 dollars 45k worth i have come to the conclusion im never going to get my money back looks like 3 dollars is more likely than 15 at this point

InvestAnswers

yes markets are irrational. HUT has been the most ineffective and inefficient miner - but they do hold a bag. Their ASICS are old and redundant hence this move makes little sense. The Trump fellows clearly know very little about mining... unless they are doing to to get the back for the SBR or mine for USA???

Jonny99

Will clsk ever recover. I fear its a lost cause now

Rod

What the trump brothers are doing is not so important - I'm asking myself if we will see an fork on fartcoin this cycle, and if so: will it have an impact on the cycle, maybe an enlarged cycle ect. Any thoughts James and everybody...?

Mark

I just think Eric Trump & Strategy should never be used in the same sentence. 😂 Dude still thinks ETH is gonna moon!

Rod

Will the trump folks fork fartcoin?

S D

it will. a rising tide floats all boats for a short while.

InvestQuestions

Literally nothing will make the miners go up

docbonz

No conflict of interest there. I'm tired of this idiot already....... please go away.......

IvanTT

Time to dump HUT

Digital Assets

More grifting. Time to dump HUT imo. Can we say "rug pull" incoming?

Society

Politicizing BTC. It’s bad. I had some friends tell me they’d never buy bitcoin cause it’s Trumps play. Not good.

CryptoCJ

Rich kids seldom inherit the hunger or skills from the parent that made the fortune. Generational wealth is often gone in a couple of generations

Chewie

Tiny Miner bag, no longer fussed or stressed about it

Liz 777

HELLO ! Any suggestions ???? I have MARA/RIOT and have dropped in price . Planning to just hold then but is worth buying CLSK ?

Piper

I've sold half my CSLK a few months ago in my Tax Free account., which was my only miner. Rotation into MSTR and TSLA.

Arkham Monster

I just can't stop throwing money at CLSK

Where Dogs Thrive

I held on to my CSLK and am trying not to look at the numbers going down...I don't have mine in a tax-free account, so I'm holding on for now. *grimacing face*

MattMan911

How can anyone still believe in the trump brothers after all this great tweets and bull traps 💩

ss1947

Trump grift continues