Environmental, social, and governance
Advancing our environmental, social, and governance objectives
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. We are proud to take the first big step in our corporate history toward our Environmental, Social, and Governance (“ESG”) commitments by taking measurable action.
As Hut 8 evolves, we will regularly assess our ESG initiatives to ensure they are informed by a mixture of data science, strategic business considerations, industry advancements and regulatory requirements.
Top-down & bottom-up approach
Raising awareness & building standards
Operational review & transparency
“Like the foundational values of Bitcoin, technology, inclusivity, and innovation are part of Hut 8’s DNA. We are proud to lead positive change in our sector, and hope to build a legacy that will make our team and shareholders proud.”
Chief Executive Officer
We believe conversations and thought leadership creates change. Hut 8 is a founding member of the Bitcoin Mining Council, a voluntary group of cryptocurrency miners that promotes energy usage transparency and encourages the use of renewable energy sources. As a member of the Council, we are committed to being open and honest about our energy usage which includes sharing our energy mix and best practices with fellow bitcoin and digital asset miners. We have also joined the Crypto Climate Accord, a collaborative effort inspired by the Paris Climate Agreement. This private sector-led initiative allows us to work with other leaders in the crypto community on decarbonizing the cryptocurrency industry in record time.
Lastly, we also joined the Business Renewables Centre (BRC) Canada in 2022, as its first digital currency member. The BRC is a not-for-profit community that works with industry experts to accelerate the uptake of renewable energy in Canada. Being a part of the BRC not only allows us to work with a wide array of companies and leading-edge renewable energy developers, but also to support and integrate new low-emission sources of power in Canada’s electricity grid.