Bitcoin Miner Hut 8 Hits Out at Short-Selling Report
Submitted by Anonymous (not verified) on Wed, 01/24/2024 - 15:50The report by short-selling firm JCapital Research led to HUT sliding more than 23% on Jan. 18.
The report by short-selling firm JCapital Research led to HUT sliding more than 23% on Jan. 18.



Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.

The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
On-chain data shows that Bitcoin miners have recently increased their selling pressure, something that may be bearish for the price.
The bankrupt miner received court approval for its Chapter 11 reorganization plan and plans to re-list shares on Nasdaq end of January.

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