Episode notes
Today we are joined by Sue Ennis, VP of Corp Development at Hut 8. We discuss Hut 8’s conservative growth strategy, building out alternative lines of revenue and hodling an 8,000+ Bitcoin stack.
Sue Ennis: https://twitter.com/bigsuey
Will Foxley: https://twitter.com/wsfoxley
SPONSOR
Enhance your ASIC education with hands-on courses offered by Foundry. Led by industry-veteran instructors, Foundry’s Mining Technician academy programs cover a range of topics - from identifying issues and troubleshooting common hardware failures, to coursework exploring bitcoin’s global impact.
TIMESTAMPS:
00:00 Start
00:54 Intro
01:27 What is Hut 8?
02:47 2022 expansions
07:13 Diversified revenue
11:34 When to expand BTC operations?
13:05 Distressed asset acquisition
16:03 Expanding without selling BTC
19:25 Leveraging growth from BTC reserves
21:17 Cashflows vs reserves
25:26 Ontario news
28:21 New CFO
29:51 1-5 yr plan
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
WATCH
https://youtube.com/c/CompassMining?sub_confirmation=1
LISTEN
Apple Podcasts https://apple.co/3fNfrdi
Spotify https://spoti.fi/3tSf9G1
Amazon https://amzn.to/3557cqg
Anchor https://bit.ly/3rmb7UF
Fountain https://bit.ly/3NeNTec
LEARN
Every week, Compass sends a memo to professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
Twitter: https://twitter.com/compass_mining
LinkedIn: https://www.linkedin.com/company/compassmining
Learn more about your ad choices. Visit megaphone.fm/adchoices
