According to Wu, in the face of the upcoming Bitcoin halving and the halving of miners' income, Asher Genoot, the new CEO of Bitcoin mining company Hut 8, said that the strategic cornerstone of Hut 8 is based on diversified revenue sources and huge Bitcoin holdings. The former will help the company mitigate the impact of the halving, and the latter will enable it to seize opportunities that may arise after the halving. Hut 8 currently has a market value of US$900 million and 9,100 BTC on its balance sheet, worth approximately US$573 million. Genoot said that it is ready and willing to acquire those miners in distress. In addition, Hut 8 not only mines Bitcoin, but also has a data center business and is seeking AI-related opportunities.