Date: July 20, 2021
Hut 8 is one of North America’s largest innovation-focused digital asset miners. The company has been supporting open and decentralized systems since 2018. Further, Hut 8 has one of the highest installed capacity rates in the industry. They also hold more self-mined Bitcoin than any crypto miner or publicly traded company globally.
Hut 8 is executing on its commitment to mining and holding Bitcoin. They also and have 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. They were also the first Canadian miner to be listed on The Nasdaq Global Select Market.
Bitcoin is the first and largest cryptocurrency. To date, 18.1 million bitcoin exist and only 21 million bitcoin will ever exist. Blockchain is a cloud based digital public ledger where bitcoin transactions are grouped together and maintained by a community of users. Thirdly, mining is the process required to secure the blockchain. It verifies transactions by solving a difficult mathematical puzzle.
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.
For more information on Hut 8 Mining Corp. (TSX: HUT, Nasdaq: HUT) please click on the request investor info button.