The Next Chapter

Ouverture

The institutional development of digital assets depends on the infrastructure supporting them. In Bitcoin mining, energy costs, equipment performance and network conditions determine production economics. For AI and advanced computing, access to power, suitable locations and technical capacity shapes the scope and viability of deployment.

Hearst’s strategy draws on experience in these operating environments. The group brings that knowledge to Bitcoin treasury strategies, public and private sector analysis, and direct collaboration with governments on energy and digital infrastructure initiatives.

Beyond Traditional Infrastructure: beyond experience matters

Infrastructure assessment requires a detailed understanding of both physical constraints and market conditions. Power availability, connectivity, technical specifications and demand influence how an asset is evaluated and developed.

For institutional investors, those factors provide context for assessing the activity behind a digital asset strategy. For governments, they inform decisions about infrastructure priorities, resource allocation and the requirements of future industries.

Hearst applies its operating perspective across both settings. The group’s activities connect strategic analysis with industrial experience and project development, while maintaining distinct responsibilities for each business.

An Integrated Ecosystem: three businesses. one foundation.

Hearst’s structure brings together three complementary activities. Each addresses a specific client requirement, with energy and infrastructure expertise providing a shared foundation.

Hearst Connect serves institutional and professional investors seeking to build Bitcoin reserves through dedicated mining capacity. Its focus is the relationship between contracted production, reserve accumulation and client reporting.

Hearst Intelligence provides analysis of energy, data, assets and markets for governments, enterprises and investors. It supports strategic assessment and opportunity identification across infrastructure, real estate and capital.

Hearst Nation works directly with governments on strategic energy and digital infrastructure initiatives. It links national priorities with project structuring, technical requirements and specialist coordination.

Data center development remains a core group capability, supporting the assessment and coordination of facilities intended for AI and advanced computing workloads.

Building for the Future: focus meets discipline

An institutional Bitcoin strategy, a public energy priority and a data center development each require a specific analytical and operational framework. Hearst addresses these requirements through clearly defined activities.

Connect centres on production and reserve reporting. Intelligence supports decisions through analysis of assets and their underlying conditions. Nation provides a direct interface with governments for the development of strategic infrastructure initiatives.

Across these activities, operating economics, technical requirements and the allocation of responsibilities inform how an engagement is structured and assessed.

A Word from Our CEO

"Artificial intelligence is transforming the global economy, but AI alone is not enough. The future belongs to those who build the infrastructure that enables it: compute, energy, data and intelligent systems working together. At Hearst, our mission is to bring these foundations together into integrated platforms that empower governments, institutions and enterprises to create lasting economic value."

Adrien Nejkovic
Chief Executive Officer, Hearst Corporation

Looking Ahead

Hearst’s next phase builds on its industrial foundations and the distinct mandates of its three businesses.

The group will communicate progress through product developments, project milestones and analysis of the markets in which it operates. Each update will distinguish operating activities from initiatives under development.

The strategic direction remains consistent: apply energy and infrastructure expertise to the requirements of institutional digital asset markets and public sector development.

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Hearst Corporation

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