CORPORATE

Establishing infrastructure for a digital future

Through innovation, imagination, and passion, Hut 8 is helping to define the digital revolution with infrastructure and solutions that create value and transform business.

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Tackling innovation challenges across industries

Led by a team of business-building technologists, we provide the infrastructure and solutions that will fuel the global technology ecosystem well into the next industrial revolution. A leading innovator, we are the first technology company to offer a hybrid compute model that serves both the traditional web 2.0 industry and the nascent digital asset computing sectors including Web 3.0, Blockchain-based applications, and gaming in the digital economy.

A digital asset pioneer that is bullish on Bitcoin and Blockchain, Hut 8 is among North America’s largest digital asset miners and one of the very first to qualify for listing on a major stock exchange.

Always ahead of the curve

Our unique business strategy includes profitable digital asset mining, high performance computing, and yield programs supplementing the value of our self-mined Bitcoin reserves. Maximizing performance and profit enables us to accelerate the digitization of industry.

NUMBER ONE

holder of self-mined Bitcoin in North America

FIRST

Canadian data mining company on the Nasdaq

PROVEN TRACK RECORD

successfully navigating bull and bear Bitcoin market cycles

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 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 2021

    Purchase of 12,000 New Micro BT Miners for deployment by End of Q4 2021 

  • January 2022

    Acquires TeraGo’s Data Center and launches High Performance Computing business

Executive team

Our experience runs deep with a talented and diverse management team.

Jaime Leverton
Jaime Leverton

CEO

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Shenif Visram
Shenif Visram

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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Jaime Leverton
Jaime Leverton

CEO

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Joe Flinn
Joe Flinn

Board Member

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Alexia Hefti
Alexia Hefti

Board Member

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Rick Rickertsen
Rick Rickertsen

Board Member

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Environmental, Social & Governance

Our environmental, social, and governance commitments are fundamental to who we are as a team and company. Taking proactive steps to protect our planet, support our communities and people, and advance inclusive and transparent corporate governance efforts are paramount in our work.

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