so is WULF linked to BTC ? like if we have faith in BTC WULF should be trusted ?
ill do some digging over the weekend .. i shouldnt lol
GTII strong ending today with up 5cents
As BAM says,
No you shouldnt trust any company, any of these mining companies can go bust, dilute, etc...and WULF is $100 million in debt.
WULF is small compared to Mara or Riot but its higher risk and possibly higher reward. They have to overcome "having" in April as BAM mentioned as their profit margins get cut in half(well, not profit but whatever mining reward they get at whatever the cost is at that time, their actual BTC rewards get cut in half.) This is overcome by increasing equipment, moving onto more energy efficient equipment and most importantly having control over energy costs. Profits are depending on value of BTC as well so its speculation BTC is just going to keep going up after halving.
WULF is expanding their hash rate from 5.5 to 7.9 very soon as they are finishing up installing miners in their new building 3, and they already started building 4 but no miners on the way yet. All this costs a ton of money to build up and miners arent cheap.
WULF dillutes slowly, as they prefer to cash out their BTC as soon as they get it rather than holding to minimize dillution.
Anyways these mining stocks are highly volatile high risk high reward, watching BTC drop hard on a Sunday night knowing you hold these stocks can give a panic attack!!!! LOL
Im just for a swing trade.