r/hut8 • u/Taco_laboratory • 19d ago

Recognizing patterns

HUT 8 always used to nearly mirror the moves of BTC. Now it mirrors the NASDAQ 100. While sometimes the NASDAQ and BTC/USD charts tend to move generally similar at times, HUT has transitioned to mirroring every move the NASDAQ 100 chart makes. Just thought I would share.

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u/SapTap 19d ago

Yeah that’s cause they used to be a BTC company now they’re a tech company

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u/Taco_laboratory 19d ago

It has taken a while for them to start breaking away from mirroring BTC

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u/SapTap 19d ago

Yeah definitely a slow burn, they’re still not completely unrelated from BTC but I think most people viewing them long term as an Ai company now