Hut 8 CEO： Establish strategic Bitcoin reserves based on operational strategies and capital management choices

Asher Genoot, CEO of Nasdaq listed Bitcoin mining company Hut 8, explained in an article on X platform why the company chose to establish a strategic Bitcoin reserve. He stated, "Fundamental first operational strategy+active capital management=excellent value creation potential." According to screenshots shared by Asher Genoot, Hut 8's strategic Bitcoin reserve supports the flywheel effect, combining capital and operational strategy to accelerate the value creation of the entire business. Its capital strategy includes: allocating capital to projects with high ROlC, capturing BTC price increases and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, and focusing on providing excellent long-term returns to shareholders; Its operational strategy includes expanding scale and geographical scope, developing digital infrastructure platforms, expanding BTC mining scale, and reducing BTC mining costs.