Never shared this publicly, but I’ve been a major shareholder in HUT8 (below the 5% disclosure threshold) since the USBTC days. My original cost basis is $3.56 per share, and I’ve never sold a single share. @ashergenoot and @mikehomkh are building what I believe will be a 100B+ company and have largely flown under the radar despite being world class operators. Watching them take the company from a few servers in a Niagara Falls warehouse in 2021 (where I literally had Asher hop on FaceTime video to show me the warehouse actually existed) to $27B in contractual cash flow from the most credit worthy companies in the world has been remarkable. I’m proud to be a part of their journey. I first met Asher in an unlikely way, through my childhood friend @broukhim, who was his professor, and my brother @tylermateen, who went to USC with him. Keep an eye on this company. I believe there is a lot more to come.

Just wrapped $ABTC's earnings call Q2 2026 was our strongest quarter of Bitcoin production yet. As of today, our Bitcoin reserve has grown to ~8,300 BTC! Gross margins have held at ~49%+ every quarter since launch. SG&A was just ~11% of revenue in Q2, one of the leanest cost structures in the space. Q2 2026 (quarter-end): -BTC Reserve: ~8,002, +14% QoQ -BTC Mined: ~932, +14% QoQ -Satoshis Per Share: ~10,989, +11% QoQ -Mining Revenue: ~$67.0M, +8% QoQ -Today we are the #16# Largest Publicly Traded Bitcoin Company in the World Despite digital asset headwinds, we delivered one of the best quarters yet. Congratulations to the incredible team at @ABTC / @ Hut8. Hard to believe we went public just 11 months ago today!

I sat down with Hut 8 CEO @ashergenoot to discuss how he built a $12 billion company by embracing AI data centers and bitcoin mining. This conversation is packed with unique, nuanced insights into an industry that everyone is obsessed with right now. Enjoy! YouTube: Apple: Spotify: TIMESTAMPS: 0:00 - Intro 0:45 - Bitcoin mining to AI: the transition 3:09 - Data centers & community pushback 8:52 - Co-location & energy campuses 11:42 - Mega sites vs. smaller urban campuses 13:08 - Hardware innovation inside the data center 17:15 - How Hut 8 lands billion-dollar contracts 20:01 - The River Bend financing structure 24:19 - Build vs. acquire strategy 25:18 - Bottlenecks slowing AI buildout 27:36 - What keeps Asher up at night 30:40 - American Bitcoin update $HUT

$HUT | UBS 𝗶𝗻𝗶𝘁𝗶𝗮𝘁𝗲𝘀 𝗕𝘂𝘆 on 𝗛𝘂𝘁 𝟴 𝗠𝗶𝗻𝗶𝗻𝗴 𝗖𝗼𝗿𝗽., PT $𝟭𝟰𝟯 Analyst sees attractive risk-reward, multiple catalysts, and a strong foundation for future lease opportunities.

$HUT | Rothschild Redburn 𝗶𝗻𝗶𝘁𝗶𝗮𝘁𝗲𝘀 𝗡𝗲𝘂𝘁𝗿𝗮𝗹 on 𝗛𝘂𝘁 𝟴, PT $𝟵𝟲 Analyst sees unit economics and pipeline conversion risks as well priced in, supporting a Neutral rating.