Asher Genoot and the survey: Asher Genoot, CEO of Hut 8, garnered attention by conducting a survey on X (formerly Twitter) regarding whether to increase Bitcoin reserves. With 9,100 Bitcoins held, the majority of survey participants, specifically 93.7%, supported increasing reserves.

Hut 8’s development journey: Founded in 2017, Hut 8 signed a 100 million USD electricity contract at Medicine Hat. By mid-2019, the company had mined 2,816 Bitcoins in a quarter and merged with US Bitcoin Corp in 2023. The company has also made significant advances in AI and renewable energy projects.

Mining and carbon neutrality plan: Hut 8 is implementing projects to achieve carbon neutrality by 2025. The company currently has over 5 gigawatts of energy projects under development and three AI data centers set to be completed by 2025. They are also upgrading ASIC hardware to enhance efficiency and reduce energy consumption.

Future hash rate goals: Hut 8 aims to achieve a self-managed hashrate of 9.3 EH/s by early 2025 and up to 24 EH/s in Q2. Collaboration with Bitmain and strategic decisions are key to this development.