Date: July 16, 2021
Hut 8 is one of North America’s largest innovation-focused digital asset miners, supporting open and decentralized systems since 2018. Located in energy-rich Alberta, Canada, Hut 8 has one of the highest installed capacity rates in the industry. In fact, it has a 109-megawatt power capacity. It also holds more self-mined Bitcoin than any crypto miner or publicly-traded company globally. "There is no bitcoin without bitcoin mining," says CEO, Jaime Leverton.
Hut 8 is executing on its commitment to mining and holding Bitcoin. It also has a diversified business and revenue strategy to grow and protect shareholder value regardless of Bitcoin’s market direction. The company’s multi-pronged business strategy includes profitable digital asset mining, white-label high-performance compute hosting, as well as yield & income programs leveraging its Bitcoin held in reserve.
Having demonstrated rapid growth and a stellar balance sheet, Hut 8 was the first publicly traded miner on the TSX and the first Canadian miner to be listed on The Nasdaq Global Select Market. Hut 8’s team of business building technologists are believers in decentralized systems, stewards of powerful industry-leading solutions, and drivers of innovation in digital asset mining and high-performance computing, with a focus on ESG alignment. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.
"We believe that bitcoin is only in the very early innings of where it will ultimately appreciate to," says Leverton.
For more information on Hut 8 Mining Corp. (TSX: HUT, Nasdaq: HUT) please click on the request investor info button.