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Asher Genoot

Chief Executive Officer, Hut 8

Search every verified Asher Genoot interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Asher Genoot, Chief Executive Officer of Hut 8, appeared on Fox Business's "The Claman Countdown" on October 5, 2026, to discuss the company's data center construction efforts. He highlighted Hut 8's 627-acre River Bend data center under construction in Louisiana, which is expected to open by the second quarter of 2027 and has signed a 15-year lease with AI infrastructure firm Fluid Stack. Genoot emphasized the importance of building data centers responsibly, stating that the first question should be "what type of neighbor will you be?" and that companies should address local concerns about energy prices, water usage, and infrastructure rather than simply offering financial incentives. Genoot also discussed broader industry trends, noting that skepticism over AI data centers has not slowed the buildout race, citing a Goldman Sachs forecast raising its 2026 U.S. data center capacity outlook. He echoed Louisiana Governor Jeff Landry's remarks about the importance of keeping AI investment in the United States, framing the development of data centers as an opportunity for American leadership in technology. Genoot described Hut 8's approach as a "closed loop system" that does not use water, and mentioned the company's commitment to funding energy infrastructure upgrades as part of its community engagement strategy.

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“If we look at differing areas that we're building, the most important thing is building responsibly and so there are folks that are saying we want to make sure that we came here, Governor Landry asked how are you going to affect energy prices and water and we went through how we pay for the payments for any energy infrastructure upgrades and we said we're a closed loop system we don't use the water so being able to m”

“When building a data center anywhere the first question is, what type of neighbor will you be? And the answer is not we're going to donate money to increase water infrastructure program, or give money to every resident. That's a part of the economic development. But what type of neighbor are we going to be? How are we going to build? What are the things the local constituents care about and how do we be kind to them ”

“So today we have zero debt at the HUT parent level as you had mentioned and that was done very purposefully and also the financings that we did at the project level are all 16 and a half year investment grade bonds. So there's no refinancing obligation. A lot of the construction loans that you see once you build it, you have to go refinance in the market and you have to raise capital to pay off the loan and then have”

“Overall, what I think Greg Abbott has done is extremely good for the ecosystem and you actually saw even QTS came out and supported him. We need more people to give kind of local voters, constituents, community members comfort that data centers are not this big scary thing that's going to come and take everyone's water and increase energy bills and so forth. I think what we're seeing a lot across the country is that ”

“So today we have zero debt at the HUT parent level as you had mentioned and that was done very purposefully and also the financings that we did at the project level are all 16 and a half year investment grade bonds. So there's no refinancing obligation. A lot of the construction loans that you see, once you build it, you have to go refinance the market and you have to raise capital to pay off the loan and then have a”

“Overall, what I think Greg Abbott has done is extremely good for the ecosystem and you actually saw even QTS came out and supported him. We need more people to give kind of local voters, constituents, community members comfort that data centers are not this big scary thing that's going to come and take everyone's water and and increase energy bills and so forth. I think what we're seeing a lot across the country is t”

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