Hut 8's CEO, Asher Genoot, recently asked the community if they should add more Bitcoin to their reserves, which already stand at an impressive 9,100 BTC. The response was overwhelmingly in favor, with 94% of voters saying "yes".
This enthusiasm is likely driven by the company's strong track record in the crypto space. Hut 8 has consistently followed a self-mining strategy, keeping the coins they mine rather than selling them. This approach allows them to ride out market volatility while betting on Bitcoin's long-term value.
The company is also focused on expanding its operations, with plans to upgrade its mining rigs and develop massive AI data centers. These initiatives are expected to drive growth and increase revenue.
It's worth noting that Hut 8's shareholders recently voted on a proposed merger with US Bitcoin Corp, which is expected to establish the combined company as a large-scale, publicly traded Bitcoin miner.²