Miami, FL
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Asher Genoot retweeted
- @hut8 CEO @ashergenoot pushes back on data centers being blamed for rising power bills @FoxBusiness
foxbusiness.com/video/640521…
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Been cool turning the forest into a city with thousands of people working
$HUT Construction on Hut 8's gigawatt-scale AI data center campus in West Feliciana Parish, Louisiana is really starting to take off.
River Bend’s initial phase will deliver 245 MW of AI data center capacity, anchored by a 15-year, $7 billion lease with Fluidstack to support Anthropic’s next-generation AI workloads.
Anthropic has a Right of First Offer for the additional 1 GW of IT capacity at River Bend . *wink wink*
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AI data centers resulting in lower electricity prices for consumers
The electricity price news just keeps getting better for Georgians.
Georgia Power announced that new large-load contracts (overwhelmingly data centers) will save their customers nearly a billion dollars, erasing about $180 per year from their bills!
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Asher Genoot retweeted
Twenty-five years after 9/11, Charity Day is how we honor and remember the colleagues we lost. Every year since, we've come together to carry that memory forward. I spoke with @TradedVC about how it began, what it means to @Official_Cantor today, and the great work of @CantorRelief.
Meet Brandon Lutnick (@Brandonlutnick), Cantor Fitzgerald's chairman @Official_Cantor / @CantorRelief
Cantor Fitzgerald was founded in 1945 and today spans Cantor, BGC Group, and Newmark, with more than 16,000 employees across 30+ countries.
But Cantor's story is inseparable from September 11th.
The firm occupied floors 101 through 105 of the North Tower of the World Trade Center and lost more than 700 friends and colleagues that day, including Brandon’s uncle.
In the years that followed, Cantor committed 25% of its profits for five years to the families of those lost, covered their healthcare for 10 years, and ultimately distributed approximately $180 million.
Every September 11th, Cantor continues that legacy through Charity Day, donating an entire day’s revenue to more than 150 charitable organizations while athletes, actors, musicians, and other public figures join the trading floor.
25 years later, the mission remains the same: honor those lost, support their families, and never forget.
We caught up with Brandon to hear the story behind Cantor Fitzgerald, Charity Day, and what September 11th means to him and the firm.
We'll see you all on Charity Day this week 😉
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🔥
Hut 8 has received a conditional Base Load classification in ERCOT’s Batch Zero Process for Beacon Point, a step forward in the energization process. We remain focused on working closely with our transmission and distribution service provider, ERCOT, regulators, and local stakeholders as the project advances.
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Asher Genoot retweeted
American Bitcoin Corp. marks one year since its Nasdaq Debut as $ABTC.
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Asher Genoot retweeted
Sarah Guo on being contrarian:
"Unlike my good friends at Founders Fund, I don't have an instinct to be contrarian.
But it is so fundamental to decide what you think and not worry too much about what other people think.
And 'other people' is like the dominant narratives of the period, or even what different players in the ecosystem that are really important, declare one way or another.
I think you just need to find the truth.
If you find the truth and it's wrongly priced and you hold onto that, you're in a good position.
You want asymmetric information, and then the confidence to hold the opinion when other people haven't come around to it yet.
I think a lot about how to make sure we have the information that is better than other people's, and then protect ourselves from noise."
My second conversation with Sarah Guo (@saranormous), founder of Conviction.
Sarah's been early to many of this generation's defining companies, and is constantly ranked at the top of the managers LPs most want to invest with.
She knows the small group of 250 people pushing the AI frontier and we discuss what she sees from that vantage point:
- What the people building AI actually believe right now
- How close we are to robots in the home
- The case against an AI monopoly
- Why she's bullish on bio x AI
- Building Conviction
@domcooke wrote the definitive profile of Sarah and Conviction for @colossusmag: "Sarah's Wager". Link in comments.
Enjoy!
TIMESTAMPS
0:00 Intro
1:08 Investing Through the AI Boom
12:06 What AI Researchers Believe
15:44 Compute, Capital & Robotics
24:03 How Sarah Makes Investments
39:24 The Case for Open Source
49:01 America’s Compute Independence
51:32 AI’s New Investment Markets
59:36 Finding Truth & What’s Next
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Asher Genoot retweeted
Texas' CenterPoint Energy has announced that, because data centers are lowering its fixed costs, they're going to start cutting electric bills by up to ~$150-200 per customer per year.
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Asher Genoot retweeted
we’re having debates about datacenters and China is publicly developing superhuman robot armies
what the actual hell are we doing here guys
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Proud to see $HUT stand alongside $MSFT and $EQIX in committing to Governor Abbott’s data center standards.
Texas has an extraordinary opportunity to lead the next era of digital infrastructure. Realizing that opportunity means building responsibly, protecting grid reliability, respecting local communities, and ensuring growth creates durable value for Texans.
We’re proud to do our part and committed to building infrastructure that strengthens the communities and energy systems we operate within.
Thank you @GovAbbott for your leadership.
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In June, the PUCT asked more than 300 Texas data center operators to disclose their grid and water impacts. Hut 8 was one of just 28 companies that responded.
Transparency and accountability should not start when they become mandatory. That is the standard we have always held and always will.
Hut 8 welcomes Governor Abbott’s focus on responsible data center development.
The principles set forth in the directive are consistent with Hut 8’s development model, which has been shaped by years of building and operating large-scale infrastructure in Texas across both behind-the-meter and front-of-the-meter projects within ERCOT: thinking beyond the data center to the grid that powers our projects, the local resources around them, and the communities that host them.
Read the full release: hut8.com/news-insights/press…
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Asher Genoot retweeted
$AMZN +5% to new all-time high; AWS CEO Jassey reiterates "Were not going to be conservative in how we play this. AI spending isn't slowing down, at all."
Follows on strong ROIC comments from last week's EPS call.
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Asher Genoot retweeted
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!
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"In the short run, the market is a voting machine, but in the long run, it is a weighing machine.”
- Benjamin Graham / Warren Buffett
Q2 2026 was $ABTC highest quarterly Bitcoin production on record.
"Despite Bitcoin headwinds in Q2, we stayed focused on what we can control: we delivered our highest quarterly production on record, grew our strategic reserve to over 8,000 Bitcoin, and strengthened the foundation of our business." - Mike Ho, CEO
Full Q2 update: abtc.com/news-and-insights/a…
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