Odaily Planet Daily News - Asher Genoot, CEO of Nasdaq-listed Bitcoin mining company Hut 8, explained on platform X why the company chose to establish a strategic Bitcoin reserve. He stated: "Fundamentals-first operational strategy + proactive capital management = exceptional value creation potential." According to a screenshot shared by Asher Genoot, Hut 8's strategic Bitcoin reserve supports a flywheel effect, combining capital and operational strategies to accelerate value creation across the business. Its capital strategy includes: allocating capital to projects with high ROIC, capturing BTC price increases and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, and focusing on delivering exceptional long-term returns for shareholders; its operational strategy includes: scaling and expanding geographic reach, developing a digital infrastructure platform, increasing BTC mining scale, and reducing BTC mining costs.
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Hut 8 CEO: Choosing to Establish a Strategic Bitcoin Reserve Based on Operational Strategy and Capital Management
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