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One of the most experienced teams in the crypto industry

Revolutionizing the future of digital finance.

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About Hut 8

As one of North America’s oldest and largest digital asset miners, we’ve got an edge the competition can’t match, and the bitcoin holdings to back it up. We’ve been navigating Bitcoin market cycles and supporting sovereign systems since 2018. We know what the roadmap to digital mining success looks like.

Hut 8 is bridging traditional and nascent forms of high-performance compute, taking an unconventional approach to revolutionizing conventional assets, creating the first hybrid data center model that serves both the traditional high performance compute (web 2.0) and nascent digital asset computing sectors and web 3.0. Hut 8 has established a Tier 0 to Tier 4 computing platform and allocated digital asset mining and open-source distributed ledger technology to conventionally underutilized areas in a conventional high performance compute data center. The platform consists of approximately 400 commercial customers, across a variety of industry verticals including gaming, visual effects and government agencies, and a platform for the development of applications and services to underserved markets and customers in the growing digital asset, blockchain, gaming and web 3.0 industries. We envision a future of robust infrastructure offering to provide economies of scale, and economies of scope in the high-performance computing and the growing application development in web 3.0 and the digital asset ecosystem.

Bletchley Park Alan turing & Enigma Machine

The story behind “Hut 8”

Hut 8 was the name of the building at Bletchley Park where Alan Turing created the Bombe, a machine that could quickly crack the Enigma code and intercept enemy communications during World War II. Turing’s world-changing work in Hut 8 saved countless lives and transformed cryptography as we know it. His advances in codebreaking laid the foundation for Blockchain as it stands today.

Blazing the Trail Since 2018

Hut 8 has been beating records and breaking barriers since we started mining in 2018.

  • October 2017

    Hut 8 Mining Corp was formed 

  • March 2018

    Signs electricity supply agreement and commits $100 million construction to Medicine Hat 

  • May 2018

    Begins trading on OTCQX Best Market 

  • July 2018

    Completes construction of Medicine Hat facility and becomes operational 

  • July 2019

    Record quarterly amount of bitcoin mined of 2,816 for Q2 2019

  • October 2019

    Begins Trading on the Toronto Stock Exchange  

  • October 2019

    Changes custodian to BitGo 

  • August 2020

    Brings site operations and management in-house 

  • November 2020

    Appoints Jaime Leverton as CEO

  • February 2021

    Becomes one of the largest bitcoin miners globally with one of the highest installed capacities in North America 

  • March 2021

    Hut 8 proven balance sheet first approach to business management helps weather crypto winter: Hut 8 fiscal 2020 earnings release 246 increase in working capital 40 7M in total revenue 87 YOY increase in net income

  • April 2021

    Finalizes key power purchase agreement with Validus Power Corp.

  • April 2021

    Names head of sustainability 

  • April 2021

    Partners with Galaxy Digital on tailored lending deal that will enable Hut 8 to earn a 4% yield on 1,000 bitcoins, compliment to 4% earned on 1,000 Bitcoin with Genesis and Hut 8 yield initiatives on held Bitcoin

  • May 2021

    Hut 8 achieves record level revenue results in Q1 2021 balance sheet grows 134 over fiscal 2020

  • May 2021

    2021 Expands Mining Capacity with $30 Million USD Purchase of NVIDIA CMPs 

  • June 2021

    Gains approval to list on the NASDAQ  

  • June 28 2021

    Hut 8 provides corporate update & Goals of 3.0 E/H, and 5,000 Self Mined Bitcoin by end of 2021, & 6.0 E/H by mid 2022 

  • June 30 2021

    Hut 8 Announces purchase of 12,000 New Micro BT Miners for deployment by End of Q4 2021 

Executive team

Our experience runs deep with the most robust and diverse management team in digital asset mining.

Jaime Leverton
Jaime Leverton

CEO

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Shane Downey
Shane Downey

CFO

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Aniss Amdiss
Aniss Amdiss

CLO

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Erin Dermer
Erin Dermer

SVP Communications and Culture

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James Beer
James Beer

SVP Operations

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Sue Ennis
Sue Ennis

VP Corporate Development

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Josh Rayner
Josh Rayner

VP Sales

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Board of Directors

Bill Tai
Bill Tai

Chairman of the Board

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Joe Flinn
Joe Flinn

Board Member

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Alexia Hefti
Alexia Hefti

Board Member

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Jaime Leverton
Jaime Leverton

Board Member

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Rick Rickertsen
Rick Rickertsen

Board Member

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