Hut 8 CEO: Based on operational strategy and capital management, choose to establish strategic BTC reserves

On December 22nd, PANews reported that Asher Genoot, CEO of Hut 8, a BTC mining company listed on Nasdaq, explained why the company chose to establish a strategic BTC reserve on the X platform. He said, ‘Fundamental-first operating strategy + active capital management = outstanding potential for value creation.’ According to the screenshot shared by Asher Genoot, Hut 8’s strategic BTC reserve supports the flywheel effect, combining capital and operational strategies to accelerate the value creation of the entire business. Its capital strategy includes: allocating capital to projects with high ROlC, capturing BTC price pumps and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, and focusing on providing outstanding long-term returns to shareholders; its operational strategy includes: expanding scale and geographical coverage, developing digital infrastructure platforms, expanding BTC mining scale and dropping BTC mining costs.

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