208 Photos and videos
Asher Genoot retweeted
.@SpaceX is proving that in an AI age, the best companies won't do just one thing.
They become mini holding companies — a portfolio of distinct verticals, each a real business, connected by the same underlying dots.
SpaceX builds rockets, but also runs an internet provider, a social network, and data centers. That's not one business model — it's several, sharing a common spine of talent, capital, and capability. The question isn't "what's our product" but "where can we deploy our skills next."
That's the shift: from a single business model to a compounding set of them. Each vertical stands alone, but together they're far harder to compete with than any one could be alone.
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Jun 12
Thank you, Bill, for helping guide $HUT from a pioneering startup to the platform it is today. Your leadership has been instrumental in shaping our journey, and we’re grateful for your continued involvement.
Welcome, Stan, as Chair of the Board. Your experience leading iconic institutions and your commitment to our vision make this an exciting moment for Hut 8. Looking forward to what we will accomplish together as we continue building a generational business at the intersection of energy and technology. 🚀
HONORED to have Stan O’Neal as our new Chairman! His experience and stature are perfect for us at @Hut8Corp at this stage of our accelerating growth! The future is BRIGHT ! 🚀
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Today, E. Stanley (Stan) O'Neal succeeds Founding Chair Bill Tai as Chair of the Hut 8 Board of Directors.
Bill stewarded Hut 8 through its most formative years, from pioneering startup to institutional platform. He continues to serve on the Board as a director and member of the Nominating and Governance Committee.
Stan has served as an independent director since November 2023, and previously as a director of US Bitcoin Corp. He brings decades of senior executive leadership to the role — including as Chairman and CEO of Merrill Lynch & Co. He assumes the Chairmanship as we continue to build what we believe will become an enduring, generational business at the intersection of energy and technology.
Read the full release: hut8.com/news-insights/press…
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Hut 8 has closed a $4.25 billion offering of investment-grade senior secured notes for Beacon Point, our second investment-grade data center construction financing following River Bend.
Highlights of the offering include:
- A fully amortizing structure that is non-recourse to Hut 8 and non-dilutive to existing shareholders;
- A Baa2 rating from Moody’s Ratings, one notch above the ratings assigned to the River Bend notes by S&P Global Ratings and Fitch Ratings, and an issuance spread 20 basis points tighter than that of the River Bend notes;
- And a substantially oversubscribed book that broadens Hut 8’s institutional credit investor base.
Together, the financings bring Hut 8’s cumulative project-level, investment-grade data center construction financing to $7.5 billion, reinforcing the repeatability of our financing model and our ability to scale data center development while preserving balance-sheet flexibility.
Read the full release: hut8.com/news-insights/press…
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Asher Genoot retweeted
Jun 5
If big companies can't make a net return on their LLM token costs, that doesn't mean it's impossible to. In fact this is exactly what you'd expect to happen with a new technology. Incumbents can't use it well, and are replaced by upstarts who can.
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Jun 5
This is very cool. Just the start of amazing new use cases of AI to change the way we fundamentally do things
Jun 5
this is just the most ridiculous AI application i've ever seen lol
a Peter Thiel-backed startup that makes AI collars for cows is now worth $2 billion
and the more I read about it the cooler it gets. here's how it works:
every cow wears a solar-powered collar that talks to a network of radio towers and an app on the farmer's phone
instead of building physical fences, the farmer draws the fence on a map in the app, and the collar keeps each cow inside that invisible line using GPS
when a cow drifts toward the edge, the collar plays a sound to steer her, and a gentle vibration tells her which way to go.
it's like how a car beeps as you back up toward a wall
the cows learn the cues in a few days
so now a rancher can move an entire herd to fresh grass by sliding the fence on a map, without driving out to open a single gate
and that same collar is reading each cow's body the whole time.
it takes five readings per second on every animal, so the AI can catch a cow that's sick, injured, ready to breed, or about to give birth before a person would ever notice walking the field
so it's basically like WHOOP for cows too lol
and they gave the AI behind it the perfect name: the Cowgorithm
it's been trained on more than 7 billion hours of real cow behavior, which is why Halter calls the data its real asset and moat.
they know what a normal cow looks like better than anyone, so they can flag the odd one out instantly
it's already on more than 1M cattle across New Zealand, Australia, and a bunch of US states.
California even used it on public land to graze cattle in patterns that clear dry brush and slow down wildfires
costs about $5 to $8 per cow per month
a job that used to mean barbed wire, gates, and driving the fields all day is now mostly 1 person on their phone
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Hut 8 has priced $4.25 billion of investment-grade senior secured notes due 2042. The fully amortizing notes will finance the development and construction of a turnkey data center at our Beacon Point campus, which will comprise six data halls with a combined total of 352 MW of IT capacity.
Read the full release: hut8.com/news-insights/press…
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Jun 4
Thrilled to welcome Mark Eidelman to @Hut8Corp as Head of IR. 17 years at @jpmorgan before leading investor relations at @nexteraenergy. The right person at the right time.
Hut 8 welcomes Mark Eidelman to the team as Head of Investor Relations and Senior Vice President of Strategic Finance.
Before joining Hut 8, Mark led investor relations at NextEra Energy Inc., where he was ranked #2 Investor Relations Professional in Utilities on Extel’s 2025 All-America Executive Team. He brings 17 years of experience in corporate and investment banking at J.P. Morgan, most recently as a managing director, where he led the execution of more than $75 billion in debt, equity, and structured financings, primarily in the power, utility, and renewables industries.
Read the full release: hut8.com/news-insights/press…
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Asher Genoot retweeted
May 26
Sunshine, startups, and @ABTC 🌴@EricTrump and @ashergenoot break down why #Florida is the new capital for #innovation, business, and bold ventures along with great weather and communities.
Watch now on YouTube 🎥 youtu.be/tgKyM0FzU8Q
#Entrepreneurship #MiamiTech #eMergeAmericas #TechHub #BusinessGrowth #crypto
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Asher Genoot retweeted
May 27
$HUT CEO @ashergenoot says their Beacon Point site in Texas is one of the most power dense datacenter buildings in the world.
"Nvidia actually wanted us to share they were design partner on this campus because of how exciting and innovating it is"
@Hut8Corp @nvidia
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Asher Genoot retweeted
May 27
It's been 1 year of ABTC, but every decision is measured the same way: does it increase Bitcoin per share.
Through accumulation, efficiency gains, and careful capital use, we aim to grow each shareholder's Bitcoin per share over time. #ABTC
@ashergenoot
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Asher Genoot retweeted
May 27
The anti-datacenter movement is growing. Water, energy, and fear about jobs.
"What's driving this are fears that are not true" says @ashergenoot CEO @Hut8Corp
"Datacenters are asked to pay for all the up-front CAPEX... you are actually investing into a better grid for everyone else to use"
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A data center campus is a multi-decade commitment to a community. We believe that commitment begins long before the foundation is poured.
As we develop our one-gigawatt Beacon Point project in Nueces County, Texas, we intend to be a thoughtful and enduring presence in the Coastal Bend.
This spring, we sponsored the Buc Days Build, a project organized in partnership with Habitat for Humanity Corpus Christi. Alongside fellow volunteers at the city's annual Buc Days festival, members of our team helped raise the frame of what will become home for the Ramon family — a single mother and her two daughters in Robstown.
We are proud to support organizations and initiatives that strengthen the communities where we build. Our thanks to Habitat for Humanity Corpus Christi and Buc Days for allowing us to be part of this effort. We look forward to continuing to support the Coastal Bend community in meaningful and lasting ways.
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May 18
ABTC just keeps on growing day by day
May 18
Ranked #15 globally among publicly-traded Bitcoin companies.
Since our Nasdaq debut:
7,500 BTC accumulated
>3x growth in Bitcoin Reserve
700 Satoshis Per Share — >2x since debut
Climbed 15 ranks in just over 8 months
The accumulation machine doesn't stop. #ABTC
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May 14
Thanks for having me. Fun conversation as always.
May 14
I sat down with Hut 8 CEO @ashergenoot to discuss how he built a $12 billion company by embracing AI data centers and bitcoin mining.
This conversation is packed with unique, nuanced insights into an industry that everyone is obsessed with right now.
Enjoy!
YouTube: youtu.be/5VfRGtz6_YA?si=-74r…
Apple: podcasts.apple.com/us/podcas…
Spotify: open.spotify.com/episode/2x7…
TIMESTAMPS:
0:00 - Intro
0:45 - Bitcoin mining to AI: the transition
3:09 - Data centers & community pushback
8:52 - Co-location & energy campuses
11:42 - Mega sites vs. smaller urban campuses
13:08 - Hardware innovation inside the data center
17:15 - How Hut 8 lands billion-dollar contracts
20:01 - The River Bend financing structure
24:19 - Build vs. acquire strategy
25:18 - Bottlenecks slowing AI buildout
27:36 - What keeps Asher up at night
30:40 - American Bitcoin update
$HUT
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May 14
I can't overstate how far this team has come. US Bitcoin Corp started lean, hungry, and ambitious. At the end of 2023, we merged with Hut 8, and a few months later, I became CEO.
Everything that we’ve achieved since then is the work of our team. We've moved faster and gone further than anyone thought possible — and our ambition is only growing.
I'm incredibly proud of what this team has built and honored to lead it every day. Now let’s keep building!
Hut 8 is officially a Great Place to Work® @GPTW_US.
This certification, based on an anonymous employee survey, reflects the pride we take in our work, the trust our leadership team has earned, and the camaraderie that unites our teams.
Our culture is what makes ambitious work possible. Hut 8 is building a platform designed to evolve alongside energy-intensive technologies for decades to come, and execution at that scale takes alignment, accountability, and trust.
We're hiring across our platform. Come build with us: linkedin.com/company/hut8cor…
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Asher Genoot retweeted
May 7
"Our institutional ownership went from sub 10% to over 70% today," says @Hut8Corp CEO @ashergenoot. "We have largest investors in the world who are investors in the company." $HUT
cnbc.com/video/2026/05/07/hu…
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Hut 8 CEO @ashergenoot will appear on @CNBC
Power Lunch at 2:25 p.m. ET today to discuss our second hyperscale AI data center lease — a 15-year, $9.8 billion triple-net agreement with an investment-grade tenant at our 1 GW Beacon Point campus — and the forces shaping U.S. AI infrastructure development.
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May 6
🔥
May 6
In just over 8 months since our Nasdaq debut, @ABTC has rapidly scaled to 7,300 Bitcoin, nearly 90,000 mining machines, and an amazing 52.4% gross margin. Today we rank as the #16 largest public Bitcoin treasury in the world — and we’re adding to our holdings every day.
In Q1 2026, we delivered our strongest quarter yet: 817 BTC mined at a 47% cost discount, while growing our reserves by over 1,600 BTC.
Massive congratulations to this incredible team and the entire @ABTC family!
@Hut8Corp @ashergenoot @mikehomkh @MattPrusak
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