Hut 8 Mining Corp. , one of North America's oldest, largest and most innovative bitcoin miners, today announced that it will welcome Shane Downey, CPA, CA as the incoming Chief Financial Officer at Hut 8 Mining succeeding Jimmy Vaiopoulos who is stepping down from his position but will continue to serve the company in an advisory role starting on [...]
Hut 8 Mining Corp. , one of North America's oldest, largest and most innovative bitcoin mining pioneers, and Luxor Technology Corporation a Seattle-based hashrate manager, jointly announced that Hut 8 is now working with Luxor on hashrate best-price execution. Hut 8 has allocated a portion of its SHA-256 hashrate to Luxor to advance its recently [...]
Hut 8 increases mining capability to execute on revenue diversification and high-performance computing strategy. Hut 8 Mining Corp. has executed on a purchase of $30 million USD of NVIDIA CMPs, which will be delivered starting in May 2021, with full deployment expected to be completed this summer. The addition of the NVIDIA CMPs is set to [...]
The company released its 2020 Fiscal year-end results along with an updated bitcoin balance for March 24, 2021. Hut 8 Mining Corp. , one of North America's oldest, largest and most innovative bitcoin miners, today announced financial results for year ended December 31, 2020. Hut 8 also announces that as at 5pm ET on March 24, 2021, their bitcoin [...]
Hut 8 Mining Corp. is pleased to announce it has filed a preliminary base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure [...]
Hut 8 Mining Corp. is pleased to announce Hut 8 full year end financials will be released on Thursday, March 25th 2021. The Company will host a shareholder call at 10:00 a.m. Eastern time on March 25th 2021. Shareholders will hear Hut 8 Executives review the fourth quarter financial results and fiscal 2020 year end, in addition to a market outlook [...]
Hut 8 Mining Corp. announced that it has paid back its US$20M loan with Genesis Global Capital LLC as planned, in full. The repayment of this loan means an extra $U2.4M for Hut 8, driven by the savings from interest expenses of US$1.6M. "Hut 8 initially took out this loan with Genesis in November 2019 when bitcoin was close to US$7,000. This loan [...]
Today Hut 8 Mining Corp. announced that it has entered into exclusive partnership discussions with Validus Power Corp. to secure new revenue streams and energy solutions for its bitcoin mining operations. The partnership discussions show forward-thinking leadership and both companies' dedication to future-forward innovation that will truly ignite [...]
Hut 8 Mining Corp. announced that its bitcoin balance of 3,012 as of the end of day Tuesday, February 16 is valued at $186M Canadian. Hut 8, one of North America's oldest and highest installed capacity Canada-based Bitcoin miner is pleased to announce the following results: Hut 8 holds 3,012 bitcoin on its current balance sheet as of 5pm ET on [...]
To-date, 400 M30S miners have been successfully installed following the scheduled delivery of the first batch of 5400 machines ordered, adding an additional 35 PH to Hut 8's mining capacity Hut 8 Mining Corp. announced today that the first batch of machines ordered on January 22, 2021 has been delivered and successfully installed on schedule. Hut [...]
Hut 8 Mining Corp. is pleased to announce it has been ranked 11th out of 10,000 in the 2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal [...]
As part of its commitment to shareholders repayment to Genesis Global Capital reduces capital expenditures and saves Hut 8 U$1.6M per year Hut 8 Mining Corp. announced today that it has finalized plans to repay its U$20M loan with Genesis Global Capital . The Genesis loan allowed the company to hold a larger bitcoin balance by using its bitcoin as [...]