Is This The Next Trillion Dollar Company? | Asher Genoot
The Pomp Podcast
Anthony Pompliano
4.6 • 2K Ratings
🗓️ 13 May 2026
⏱️ 33 minutes
🧾️ Download transcript
Summary
Asher Genoot is the CEO of Hut 8, one of the largest bitcoin mining and AI/HPC infrastructure companies in the world. In this conversation, we discuss the transition from bitcoin mining to AI data center development, the economics of $17 billion in contract value, community pushback against data centers, supply chain bottlenecks, and the future of physical intelligence infrastructure.
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- 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
Transcript
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| 0:00.0 | Hader, it's your big McDonald's hunger calling, and it's not just any kind of hunger. |
| 0:04.9 | It's the kind that calls for big arch. |
| 0:07.0 | Start with juicy beef, cheddar cheese and big arch sauce. |
| 0:10.3 | Oh, and don't forget those crispy onions. |
| 0:12.6 | Hungry? |
| 0:13.3 | You are now. |
| 0:16.6 | Saved from 11 a.m. |
| 0:17.7 | Subject to availability. |
| 0:18.7 | Price and participation may vary. |
| 0:20.0 | So at Hade, we deal with less of the volatility of Bitcoin going up and down, and we're |
| 0:25.1 | focused on building infrastructure, but we're supporting multiple technologies today, rather than |
| 0:30.6 | just Bitcoin or just AI. |
| 0:32.6 | We believe that the company will continue to support all of the next generation technologies |
| 0:36.8 | that we think will change the |
| 0:37.7 | world. What's going on, guys? Today we got a great conversation with Asher Goodnut. He is the CEO of |
| 0:42.0 | HUD-8, and he is one of the leading operators when it comes to the intersection of Bitcoin mining |
| 0:46.8 | and AI HPC. In this conversation, he goes through the excruciating detail of what these companies |
| 0:51.9 | are, how they operate, how they differentiate, |
| 1:13.1 | and why investors should consider putting them into their portfolio. This conversation covers a lot, and I think you're going to find it very, very valuable. There's lots of information in here that you're not going to find anywhere else. Here's my conversation with Asher. Asher, you guys were one of the biggest Bitcoin miners. You've now converted to AI HPC. You've got a very unique story, I think, in how you've converted this business. |
| 1:11.7 | It's now $10-plus billion market cap. Talk a little |
| 1:15.6 | about the transition the industry is going through and why investors are flocking to this AI-HPC trade. |
| 1:22.5 | The demand for AI is really just at the starting point right now. Adoption, I think is at the very, very early on sense. |
... |
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