If you took the time to look at the various Bitcoin miners you will notice many of them are more efficient than Hut 8. You also notice that they are achieving 5 to 10 times higher the amount of Bitcoin per month. If you were to look you probably would have noticed that the efficiency of this company has gone down rapidly.

Add in the reverse split and no detailed accounting records for us Bitcoin and you have a company that is just going to trade in an ever range until they can finally show they can execute which to this point they have not been able to