Hut 8 Mining

Hut 8 Mining is a pioneercompany inthat tackles mining and is responsible for the process of managing market volatility. The company has years of experience in digital mining assets, with multiple data mining centers as well as access toand world-leadingleverages proprietary hardware and software. They have established large operations within the field of cryptocurrency mininga and providesolid computing infrastructure thatwhich hosts their partner’s cryptocurrency mining requirements. They also value the environment and strive to mine the most value with the least environmental impact.

In terms of the power they have, theyThey have 109 MW of existing power capacity. Hut 8 has 94 open-air "BlockBoxes" with 1.2 to 2 MW of power each and 4.5 E/H PH/s in total contracted hashrate for BTC mining. They also provide 209 in total contracted power capacity, with 5,242 Total Self-Mined Bitcoin Held Revenue Stock (last updated on November 30, 2021, according to the official website).

Hut 8 has equipment managers who have experience managing Hut 8's mining fleet hands-on and attempt to maximize the performance across all of their machines. They have a diversified fleet of ASIC and GPU mining equipment which allows them to keep up the pace regardless of the volatility of the market.

TheyHut have8 has two data mining centers located in Alberta and Canada, and these allow them to harness the power of the diverse energy sources there. The Hut 8 mining centers mine efficiently and in an environmentally conscious manner through an abundance of gas, wind, and green energy. Hut 8 Mining operations occur alongside freezing cold temperatures and high winds, which are optimal mining conditions. Hut 8 is independently audited by Raymond Chabot Grant Thornton LLP, and Hut 8’s legal counsel is provided by Tanya Woods.

Throughout the span of four years, Hut 8 grew from a single partnership to one of the largest Bitcoin miners on a global scale.

Hut 8 Mining is a publicly-traded cryptocurrency mining company that owns a wide range of crypto mining data centers that utilize fixed-rates electricity contracts with the intention and goal of mining the Bitcoin (BTC) cryptocurrency token. Hut 8 Mining Corp was formed in October 2017.

Its business model revolves around the fact that the electricity and data centers need to be less than the revenue which is received from the Bitcoin (BTC) tokens that are mined.

Hut 8 Mining is a pioneer in mining and managing market volatility. The company has years of experience in digital mining assets, with multiple data mining centers as well as access to world-leading proprietary hardware and software. They have established large operations within the field of cryptocurrency mining and provide cutting-edge computing infrastructure which hosts their partner’s cryptocurrency mining requirements. They also value the environment and strive to mine the most value with the least environmental impact.

In terms of the power they have, they have 109 MW of existing power capacity. Hut 8 has 94 open-air "BlockBoxes" with 1.2 to 2 MW of power each and 4.5 E/H PH/s in total contracted hashrate for BTC mining. They also provide 209 in total contracted power capacity, with 5,242 Total Self-Mined Bitcoin Held Revenue Stock (last updated on November 30, 2021, according to the official website).

They also have a 1,600 GH/s Total Contracted Hashrate for Ethereum Mining (for Q4 2021) as well as three business and revenue lines in one price.

Hut 8 has equipment managers who have experience managing Hut 8's mining fleet hands-on and attempt to maximize the performance across all of their machines. They have a diversified fleet of ASIC and GPU mining equipment which allows them to keep up the pace regardless of the volatility of the market.

They have two data mining centers located in Alberta and Canada, and these allow them to harness the power of the diverse energy sources there. The Hut 8 mining centers mine efficiently and in an environmentally conscious manner through an abundance of gas, wind, and green energy. Hut 8 Mining operations occur alongside freezing cold temperatures and high winds, which are optimal mining conditions. Hut 8 is independently audited by Raymond Chabot Grant Thornton LLP, and Hut 8’s legal counsel is provided by Tanya Woods.

The name, Hut 8, is inspired by the name of the building at Bletchley Park, where Alan Turing created the Bombe, a machine that could quickly crack the Enigma code and intercept enemy communications during World War II.

Throughout the span of four years, Hut 8 grew from a single partnership to one of the largest Bitcoin miners on a global scale.

In October of 2017, Hut 8 Mining Corp was formed, and in March of 2017, they signed an electricity supply agreement and committed $100 million in construction to Medicine Hat. In May of 2018, they began trading on OTCQX Best Market, and in July, they completed the construction of the Medicine Hat Facility, which became fully operational. In July of 2019, Hut 8 recorded a quarterly amount of Bitcoin mined of 2,816 for Q2 of 2019. In October of 2019, they began trading on the Toronto Stock Exchange.

In October of 2019, Hut 8 changed custodian to BitGo, and in August of 2020, they brought site operations and management in-house. Then in November of 2020, Hut 8 appointed Jamie Leverton as their CEO. Throughout 2021, in February, the company became one of the largest Bitcoin miners on a global scale with one of the highest installed capacities in North America. Then in April of 2021, they finalized a key power purchase agreement with Validus Power Corp. In May of 2021, they expanded their mining capacity with a $30 million USD purchase of NVIDIA CPMs, and in June of 2021, they gained approval to list on the NASDAQ.

In terms of the team, they have:

• Jaime Leverton - Chief Executive Officer
• Shane Downey - Chief Financial Officer
• Tanya Woods - General Counsel and Corporate Secretary, EVP Regulatory Affairs
• Sue Ennis - Head of Investor Relations and Corporate Development
• Ronnie Yu - Head of Sustainability
• James Cresswell - Head of Site Operations
• Jason Zaluski - Head of Technology
• Melina Neron - Human Resources