Hut 8, a crypto mining company, conducted a poll asking whether they should increase their Bitcoin reserves, to which 93.7% responded positively. The company has been mining Bitcoin since 2017 and has consistently followed a self-mining strategy, keeping the coins they mine rather than selling them. Hut 8 has plans to become carbon-neutral by 2025 and is focusing on AI-focused data center projects and upgrading its ASIC fleet. They are also diversifying their offerings by entering the AI infrastructure market using GPUs. The CEO aims to drive nine-figure annualized revenues and reduce interest expenses.
- Content Editor ( cryptopolitan.com )
- 2024-11-25
With 9,100 BTC on hand, Hut 8 CEO asks: Should we add more? 94% of voters say ‘yes’