According to Odaily Planet Daily, Hut 8 Mining CEO Asher Genoot said that the upcoming Bitcoin halving will have a "different scale" impact on the crypto mining industry. Genoot believes that large mining companies must become "low-cost operators" to ensure survival in the turbulent market environment after the halving. This is a core part of Hut 8's strategy, as evidenced by its strong balance sheet. As of press time, Hut 8 has a reserve of about 9,100 BTC, worth about $600 million.
