12.01.2022 – 04:30
Hut 8 Mining Corp
Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (“Hut 8” or “the company”), one of the largest innovation-oriented pioneers of digital asset mining in North America, who has supported open and decentralized systems since 2018, is pleased to announce the following company update for To make available.
Hut 8 is proud to announce its entry into Business Renewables Center Canada (“BRC Canada”). Hut 8 will be the first digital asset mining company to join the organization. BRC Canada is a not-for-profit association that works with industry experts to accelerate the adoption of renewable energy in Canada. BRC Canada membership gives Hut 8 the opportunity to work with a wide variety of companies and leading renewable energy developers. Other benefits of membership include the ability for Hut 8 to Support the integration, acceleration and adoption of renewable and low-carbon energy sources across Canada.
“Our ambition is to build a company focused on promoting industry awareness of sustainability practices in the digital asset mining and blockchain ecosystem,” said Jaime Leverton, CEO of Hut 8 Mining. We are excited to be the first digital To be an asset mining company in BRC Canada. We will become part of an organization focused on driving the change and adoption of renewable energy in Canada. “
Information about Hut 8:
Hut 8 is one of the largest innovation-oriented digital asset miners in North America and has been supporting open and decentralized systems since 2018. With two offices in high-energy Alberta and a third office in North Bay, Ontario, Canada, Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any other crypto miner or publicly traded company in the world. Hut 8 is committed to mining and holding Bitcoin and has a diversified business and revenue strategy to grow regardless of Bitcoin’s market direction and protect shareholder value. The company’s multi-tier business strategy includes profitable digital asset mining, white-label high-performance compute hosting, and yield and income programs that leverage its bitcoin held in reserve. Hut 8 is the first publicly traded miner on the TSX and the first Canadian miner to be listed on the Nasdaq Global Select Market. The team of business building technologists at Hut 8 believes in decentralized systems, manages high-performing industry-leading solutions, and is a driver of innovation in digital asset mining and high-performance computing with a focus on ESG alignment. With innovation, imagination and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impact for its shareholders and future generations.
Forward-Looking Information Notice
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and US securities laws (collectively, “forward-looking information”). All information in this press release except statements of historical fact that may refer Relate to activities, events or developments that the company expects or expects to occur or may occur in the future, including such things as future business strategy, competitive strength, goals, business expansion and growth, operations, plans and other such matters of the company is forward-looking information. Forward-looking information is often accompanied by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plans”, “expected”, “permitted”, ” believes “,” estimates “,” expects “,” predicts “,” can “,” could “,” potentially. ” “,” Predicts “,” is designed “,” likely “or similar expressions and includes statements about the company’s ability to develop renewable energy sources and partnerships, derive membership benefits from its relationship with BRC Canada and Integrate, accelerate and disseminate renewable and low-carbon energy sources across Canada.
Forward-looking information is always based on a series of opinions, assumptions and estimates that, while Hut 8 believes reasonable at the time of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that could lead to actual results, activities , Performance or accomplishments differ materially from those expressed or implied in such forward-looking information. This includes, among other things, the possibility that the expected timing of completion of construction and development activities at the Company’s third mining site in North Bay, Ontario will be further delayed due to global supply chain implications, as well as the Company’s ability To make interest payments on all drawn parts of the loan with Trinity Capital, the effects of general economic conditions on the company, the conditions of the industry, currency fluctuations, taxes, regulation, changes in tax or other legal regulations, competition from other industry participants, lack of availability of qualified personnel or management, volatility on the stock exchanges, political and geopolitical instability and the company’s ability to access sufficient capital from internal and external sources. The foregoing and other risks are set out in the “Risk Factors” section of the Company’s Annual Report dated March 25, 2021, which ends on www.sedar.com is available, described in more detail. These factors are not intended to be an exhaustive list of the factors that could affect Hut 8. However, caution should be exercised and you should not place undue reliance on forward-looking information. There can be no guarantee that such estimates and assumptions will prove to be correct. The forward-looking information in this press release is as of the date of this press release and Hat 8 expressly disclaims any obligation to update or change any statement that contains any forward-looking information or any underlying factors or assumptions, whether as a result of new information, future events or Circumstances or otherwise, unless required by law. New factors may arise at any time and it is impossible for Hut 8 to predict all of these factors or to assess in advance the impact each of these factors will have on Hut 8’s business or the extent to which any one or combination of factors will lead to it actual results may differ materially from those contained in the forward-looking information. The forward-looking information contained in this press release is expressly limited by this cautionary notice.
Related links: www.hut8mining.com
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