【Hut 8 CEO: Based on operational strategy and capital management, choose to establish strategic Bitcoin reserves】 On December 22, Asher Genoot, CEO of Nasdaq-listed Bitcoin mining company Hut 8, explained on the X platform why the company chose to establish a strategic Bitcoin reserve. He stated, "Fundamentals-first operational strategy + proactive capital management = outstanding value creation potential." According to a screenshot shared by Asher Genoot, Hut 8's strategic Bitcoin reserves support a flywheel effect, combining capital and operational strategies to accelerate the value creation of the entire business. Its capital strategy includes: allocating capital to high ROIC projects, capturing the rise in BTC prices and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, focusing on providing exceptional long-term returns for shareholders; its operational strategy includes: scaling and expanding geographical reach, developing digital infrastructure platforms, expanding BTC mining scale, and reducing BTC mining costs.

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