Hut 8 Mining Corp. is pleased to announce that it has entered into a securities purchase agreement for a private placement of its common shares and warrants to purchase common shares to institutional investors for gross proceeds of CAD$77,500,000 . Pursuant to the Private Placement, the Company will issue 15,500,000 Common Shares and Warrants to [...]
Hut 8 Mining Corp. today announced the opening of a Bitcoin Yield Account in partnership with Genesis Global Capital, a company providing a single point of access for digital asset markets. The BTC Yield account will enable Hut 8 to earn at a 4 per cent rate of return on its BTC Holdings. With an initial investment of 1000 bitcoin, the Genesis [...]
Hut 8 Mining Corp. is pleased to announce the results of the Annual and Special Meeting of Shareholders held telephonically on December 30, 2020. As of November 2, 2020, which was the record date for the Meeting, there were 96,732,324 common shares of the Company outstanding and entitled to vote at the Meeting. Of this amount, there were 44,611,046 [...]
Hut 8 Mining Corp. is pleased to announce the appointment of Sue Ennis as Head of Investor Relations, effective January 4th, 2021 as part of the company's continued focus on building a dynamic and insightful team for future success. An experienced Fintech Advisor, Speaker and Chartered Investment Manager, Ms. Ennis has an established history as a [...]
Hut 8 Mining Corp. is pleased to announce that two new board members, Chris Eldredge and Sanjiv Samant, are proposed to join Hut 8 after a shareholder vote at the Company's Annual General Meeting held on December 30, 2020. In addition, incoming CEO Jaime Leverton will also be included as a proposed board member and Dennis Mills will not seek [...]
Hut 8 Mining Corp. today announces its financial results for the third quarter ending September 30, 2020. Hut 8 reports all amounts in Canadian Dollars unless otherwise stated. Q3-2020 Highlights Quarterly revenue of $5.8 million with mining profit margin of -37%. Revaluation gain related to Hut 8's bitcoin holdings of $5.6 million for the quarter [...]
Hut 8 Mining Corp. is pleased to announce the appointment of Jaime Leverton as CEO, effective December 1, 2020. Ms. Leverton is a highly accomplished technology executive and industry thought leader with a long history of driving high growth mandates. With more than 20 years of leadership in the Canadian technology industry, she is joining Hut 8 [...]
Hut 8 Mining Corp. one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, is pleased to announce it will be participating in the Gravitas Technology and Diversified Investor Day taking place Thursday, October 15, 2020 virtually. Hut 8's Interim Chief Executive Officer, Jimmy Vaiopoulos, is [...]
Hut 8 Mining Corp. announces that it is the first TSX listed issuer to complete the TSX Sandbox program. This comes at the one year anniversary when Hut 8 was also the first issuer to be listed to the TSX via the TSX Sandbox. Although Hut 8 has been trading as a TSX listed company for the past year, completing the TSX Sandbox program solidifies its [...]
Hut 8 Mining Corp. announces that they've received the planned 1,000 M31S and 1,000 M31S+ machines on-site at its Medicine Hat facility, most of which are already operating. This equipment will collectively have an output of 154 PH/s using approximately 6.7MW of power. The remainder of the bitcoin equipment purchase, which consists of 1,590 M30S [...]
Hut 8 Mining Corp. announces that the site management of the Drumheller facility operations has been transferred from the Bitfury Group to Hut 8 effective August 28, 2020 saving Hut 8 over $1 million per year. This is in addition to the transfer of the site management of the Medicine Hat facility previously announced effective August 1, 2020 [...]
Hut 8 Mining Corp. today announces its financial results for the second quarter ending June 30, 2020. Hut 8 reports all amounts in Canadian Dollars unless otherwise stated. Q2-2020 Highlights Quarterly revenue of $9.2 million from mining 795 bitcoin Mining profit margin of 6% Revaluation gain of bitcoin holdings of $10.1 million for the quarter [...]
