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Ben Sommers

Research Analyst at BTIG

Ben Sommers is an Equity Research Associate at BTIG specializing in equity research and analysis across the internet, media, and enabling technologies sectors. He covers publicly traded companies including Bitdeer Technologies Group and IREN Ltd, actively participating in earnings calls and providing sector-specific analysis. Sommers began his career at BTIG as an Equity Research Summer Analyst before advancing to his current role, following early experience with the Michigan Collegiate Investment Group. His professional credentials include specialization in equity research, with ongoing sector coverage; however, no major industry awards, published performance metrics, or securities licenses were publicly available as of November 2025.

Ben Sommers's questions to Hut 8 (HUT) leadership

Question · Q3 2025

Ben Sommers asked about the demand profile for the smaller Illinois site in Hut 8's pipeline and the potential for expansion in that region.

Answer

CEO Asher Genoot explained that the Illinois site was developed as a tuck-in add-on for tier-one markets, seeing demand for tuck-in sites, burst capacity for AI labs, and enterprise use. It also presents an opportunity for HiRise and GPUs. Genoot stated that Hut 8 is currently prioritizing larger campuses due to demand but views the Illinois site as strategically valuable for specific placements rather than just economics, despite its smaller scale.

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Question · Q3 2025

Ben Sommers inquired about the demand profile for Hut 8's Illinois site, given its smaller size compared to other pipeline sites, and potential expansion in that region.

Answer

CEO Asher Genoot described the Illinois site as a 'tuck-in add-on' for tier-one markets, attracting demand for nearby operations, burst capacity for AI labs/enterprise, and opportunities for Hirise (GPUs). He noted that while larger campuses are currently prioritized, the Illinois site is valuable for strategic placement rather than just economics.

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