In this episode, Joe Burnett sits down with Asher Genoot, CEO of Hut 8, and Sue Ennis, Head of Investor Relations at Hut 8. They discuss the groundbreaking merger between Hut 8 and US Bitcoin Corp, marking the largest bitcoin mining merger in history. The conversation also covers the impact of ETF approval on Hut, the strategic shift towards diversifying beyond bitcoin mining, and the anticipation surrounding the upcoming bitcoin halving. Additionally, they tackle the implications of J Capital's short report, the future of mining site sizes as the block subsidy decreases, and the potential role of miners in the energy sector.
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TIMESTAMPS:
00:00:00 Intro
00:01:03 Background—getting into bitcoin mining
00:06:12 Hut 8 <> US Bitcoin Merger
00:11:00 How has the ETF approval changed Hut?
00:12:56 Why diversify out of bitcoin mining?
00:17:12 Halving in ~2 months, excited or concerned
00:20:19 Monitor mining competitors
00:26:12 Will there be another boom bust cycle?
00:33:37 J Capital’s short report
00:39:30 Block subsidy trending to 0—future size of mining sites?
00:47:53 Will miners become a substantial part of energy grids?
00:49:46 What excites you over the next 2-3 years?
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→ Sue Ennis’s Twitter: https://twitter.com/bigsuey
→ Asher Genoot’s Twitter: https://twitter.com/ashergenoot
→ Joe Burnett’s Twitter: https://twitter.com/IIICapital
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