Environmental, social and governance
Hut 8 is leading the way to sustainable digital asset mining. We are committed to reducing the carbon footprint of our facilities, with a focus on sustainable mining practices to ensure our communities and planet thrive.
Advancing Our ESG initiatives
Hut 8 is more than bitcoin mining. We are accelerators and innovators in the blockchain and big data ecosystem, with a responsibility to build and explore alternative mining practices. We are committed to continuously pushing new, creative ways of thinking to drive our competitive advantage. Just like we invest in hardware and get ahead of the supply constraints, the same thoughtful approach needs to be applied to our energy and ESG objectives.
Prioritizing the environment
Hut 8 is a proud founding member of the Bitcoin Mining Council, a voluntary, open-forum 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, sharing our energy mix and best practices with fellow bitcoin and digital asset miners.
We believe conversations can create change. We’ve joined the Crypto Climate Accord, a collaborative effort inspired by the Paris Climate Agreement. This a private sector-led initiative allows us to work with other leaders in the crypto community on decarbonizing the cryptocurrency industry in record time.
Enabling an inclusive financial future
Bitcoin’s ESG footprint isn’t just about the environment. Bitcoin enables people to escape tyranny, censorship, financial violence, redlining, and improve their access to financial sovereignty. On governance, Bitcoin is permissionless and runs on open-source software.
For good ideas and true innovation, you need human interaction, conflict, argument, debate, we think conversations like these are good ones to be having.
Leveraging creative power sources
Bitcoin mining presents many opportunities to accelerate the global energy transition to renewables. We’re not only combining power sources such as natural gas, wind and solar, but also securing new and competitive pricing. Our partnership with Validus Power for up to 100 MW of additional capacity includes the potential to expand our power and operations if necessary. A portion of the Validus energy production for the project will be generated from captured waste gas and converted to electricity by leveraging cutting-edge mobile power plant solutions.