Hut8 Mining CEO says Bitcoin’s coming halving will be on a ‘di | Bitcoin | Ethereum | Altcoin
Hut8 Mining CEO says Bitcoin’s coming halving will be on a ‘different scale’
Hut 8 Mining CEO Asher Genoot said the coming Bitcoin halving will be on a “different scale” in terms of impact on the mining industry. Genoot said during an interview with Bloomberg on April 2 that large scale miners must become “low-cost operators” to ensure they can survive the turbulent market conditions post-halving. Genoot added that this is a core part of Hut8’s strategy as evidenced by strong balance sheet with a substantial Bitcoin reserve of approximately 9,100 BTC, worth around $600 million as of press time.
