Asher Genoot is an American business executive and entrepreneur active in the energy and digital infrastructure sectors. He serves as the Chief Executive Officer of Hut 8 and is a board member of American Bitcoin. Genoot previously co-founded US Bitcoin Corp and was recognized on the 2024 Forbes 30 Under 30 list for North America in the Energy category. ^[1]

Education

Genoot attended the University of Southern California, where he earned a Bachelor of Science degree in Business Administration. He also serves as an Advisory Council Member for the university's Business of Energy Transition Initiative, contributing to programs focused on the evolving energy landscape. ^[2]

Career

Genoot began his entrepreneurial career in Shanghai, where he founded the Ivy Crest Institute of International Education in 2015. The following year, he established Curio Education, an education technology company where he served as chief executive officer until 2019. He remained involved with Curio Education as a board member until 2023. After returning to the United States, he founded Flagship Endeavors in Los Angeles in 2019, acting as its managing director until 2022.

In late 2020, Genoot transitioned into the digital asset industry by co-founding US Bitcoin Corp (USBTC). He initially held the role of chief operating officer, overseeing the company's operational growth before being promoted to president in 2022. During his tenure, he guided the company through the volatile cryptocurrency market conditions of that year. Following a merger between USBTC and Hut 8, Genoot was appointed president of the newly combined entity in late 2023. He was subsequently promoted to chief executive officer in early 2024, tasked with leading the company's focus on an "energy-first" approach to developing digital infrastructure. In 2025, he also joined the board of American Bitcoin. Genoot is a member of the Young Presidents' Organization (YPO). ^[2]

Interviews

American Bitcoin

In a September 2025 interview with Bloomberg, Eric Trump and Genoot discussed the trading debut of American Bitcoin, outlining its role in the cryptocurrency mining sector. Trump highlighted the company’s ability to mine Bitcoin at roughly half the market price through its large-scale infrastructure and partnership with Hut 8, which supplies mining equipment and holds a major stake in the venture. Both Trump and Genoot spoke about the company’s strategy of accumulating Bitcoin and managing energy costs, while also reflecting on challenges the industry has faced. Trump noted his personal stake in the company and addressed questions about political influence. At the same time, Genoot added his perspective on the operational and strategic direction of American Bitcoin as it positions itself within the broader cryptocurrency landscape. ^[3]  

Fireside Chat

During a fireside chat between Genoot and Irene Gao (BITMAIN) at the Bitcoin Conference in September 2025, insights were shared about the latest advancements in mining technology, particularly the U3 miners and infrastructure solutions. They discussed Bitmain's leadership in Bitcoin mining machinery and Hut 8's recent developments, including the construction of a new data center in Texas that reportedly boasts the highest hash rate in a single building globally. The conversation touched on the collaboration between both companies in integrating ASIC chips with AI data centers and the efficient design that achieved significant energy savings. They recounted how this $4.5 billion project came to fruition within under a year, emphasizing the importance of partnerships and innovation in the mining sector. The talk also highlighted plans for U.S. manufacturing and upcoming projects aimed at enhancing the cost-effectiveness and technological integration of mining operations, ultimately positioning Hut 8 as a major player in the industry. ^[5] 

Bitcoin, Mining, & Trumps

On the Crypto In America podcast in September 2025, Genoot discussed his ventures, including American Bitcoin, which he launched in April with support from Eric and Donald Trump Jr. He described his experience in the Bitcoin mining industry, emphasizing that the U.S. has a pivotal role in shaping the global financial system. Genoot recounted struggles his company faced when they were "debanked," highlighting the importance of financial independence facilitated by cryptocurrencies. He illustrated the regulatory landscape's evolution and his growth from initial challenges to becoming a key player in the mining sector. Genoot also shared insights about his collaboration with the Trump family, which developed through mutual interests in cryptocurrency and infrastructure, leading to a productive partnership that focused on building a robust Bitcoin mining infrastructure in America. ^[4]

Winning the AI Race

In an April 2025 episode of the Failing Up podcast, Genoot shared insights from his diverse career journey, which began with edtech startups before transitioning to the energy sector. He discussed the motivations that led him to prioritize meaningful work over mere financial success after experiencing dissatisfaction during an internship in finance. This reflection drove him to learn from global leaders and pursue opportunities that empowered youth through education. Eventually, upon returning to the U.S., Genoot shifted focus to energy and Bitcoin mining, emphasizing the importance of operational excellence and sustainable energy consumption in this evolving landscape. He navigated significant challenges during the downturn of the cryptocurrency market in 2022, demonstrating resilience and transparency with both his team and investors. Genoot underscored the necessity for clear communication and integrity in leadership, committing to creating a long-lasting impact in the energy sector through innovative infrastructure solutions. ^[6] 

Panels

Hash Wars

At Mining Disrupt in May 2025, a panel discussion titled "Hash Wars: Centralized vs. Decentralized Mining" had industry experts debate the future of Bitcoin mining and the ongoing rivalry between centralized and decentralized mining strategies. Panelists included Genoot, Ankit Joshi, Scot Johnson, Jolie Kahn, Bitcoin Mechanic, Ben Smith, Augustine Krupka, and Bryce McNallie. The panelists shared perspectives on the advantages and disadvantages of both mining approaches. While centralized mining was noted for its economies of scale and infrastructure capabilities, participants highlighted a growing awareness and push for decentralization to enhance network resilience and security. The consensus among panelists suggested that as the industry evolves, a balance between centralized efficiency and decentralized control might be necessary to sustain growth and uphold the foundational principles of Bitcoin. ^[7]