Retrieved on:
Monday, November 20, 2023
Carbon footprint,
Partnership,
Recycling,
ASIC,
ESG,
BGIS,
Electronic waste,
Hut 8,
Miner,
Hut,
Carbon,
CO2,
ERS,
CSA Group In 2023, Hut 8 has submitted approximately 369 metric tonnes of electronic waste to the program, earning 7,500 metric tonnes carbon dioxide equivalent of serialized carbon credits.
Key Points:
- In 2023, Hut 8 has submitted approximately 369 metric tonnes of electronic waste to the program, earning 7,500 metric tonnes carbon dioxide equivalent of serialized carbon credits.
- The carbon credits are verified by AET Group, who have been verifiers with BGIS and Brookfield.
- Hut 8 is set to generate 7,500 carbon credits by the end of 2023, an increase of 44% from the 5,200 generated in 2022.
- We look forward to the ongoing partnership, dedicated to responsibly addressing the e-waste challenges inherent in such a vast industry.”
Retrieved on:
Tuesday, November 14, 2023
TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), one of North America's largest, innovation-focused digital asset mining pioneers, and high performance computing infrastructure provider, announced its financial results for the quarter ended September 30, 2023 (“Q3 2023”). All dollar figures are in Canadian Dollars (“CAD”), unless otherwise stated.
Retrieved on:
Tuesday, November 14, 2023
Ethereum,
Hut 8,
EBITDA,
EDGAR,
International,
Bank statement,
Depreciation,
International Financial Reporting Standards,
Adjustment,
HPC,
Table,
Electricity,
Cost,
Interior Health,
Cryptocurrency,
Audit,
Mining,
Bitcoin TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), one of North America's largest, innovation-focused digital asset mining pioneers, and high performance computing infrastructure provider, announced its financial results for the quarter ended September 30, 2023 (“Q3 2023”). All dollar figures are in Canadian Dollars (“CAD”), unless otherwise stated.
Key Points:
- Revenue decreased by $14.7 million to $17.0 million during Q3 2023 compared to $31.7 million during Q3 2022.
- The Company’s HPC operations generated $4.5 million of primarily monthly recurring revenue in Q3 2023 compared to $4.4 million in Q3 2022 as a result of new sales partially offset by customer churn.
- Site operating costs for Q3 2023, were $11.2 million, of which $8.7 million were attributable to our mining operations and $2.5 million were attributable to our HPC operations.
- Mining Profit(i) was $3.8 million for Q3 2023, compared to $9.3 million in the prior year’s quarter.
Retrieved on:
Thursday, November 9, 2023
Bitcoin,
Hut 8,
Transaction,
Data mining,
Form,
Toronto Stock Exchange,
Register,
TSX,
Registration statement,
HUT,
Cryptocurrency The combined company will be named “Hut 8 Corp.” (“New Hut”) and will be a U.S.-domiciled entity.
Key Points:
- The combined company will be named “Hut 8 Corp.” (“New Hut”) and will be a U.S.-domiciled entity.
- The registration statement on Form S-4, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) by New Hut (as amended, the “Registration Statement”), was declared effective by the SEC on November 9.
- The Registration Statement was filed in connection with the previously announced Transaction.
- “We have made a significant stride toward closing the Transaction now that New Hut’s Registration Statement has been declared effective by the SEC,” said Jaime Leverton, Hut 8 CEO.
Retrieved on:
Wednesday, November 8, 2023
TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”).
Key Points:
- TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”).
- The combined company will be named “Hut 8 Corp.” (“New Hut”) and will be a U.S.-domiciled entity.
- New Hut has filed a further amendment to its Form S-4 Registration Statement (the “Amended S-4 Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”).
- Completion of the Transaction remains subject to the remaining regulatory approvals, approval of the stockholders of USBTC and other customary closing conditions of the transaction.
Sale,
CAD,
Fatal Five,
Hut 8,
Ontario Superior Court of Justice,
Court,
Macquarie,
Project Panther Bidco,
TSX,
Cryptocurrency,
Bitcoin TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.Production highlights for October 2023:
Key Points:
- TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.
- The Stalking Horse Bid is part of the previously announced support agreement with Macquarie Equipment Finance Ltd (“Macquarie”) and was approved by the Court in connection with a sale and investment solicitation process ("SISP").
- Macquarie will receive a minority equity interest in BidCo of approximately 20% and a subsidiary of Hut 8 will be the majority owner with the remaining approximately 80%.
- “While our mining results remained steady month over month, we made meaningful progress toward building an infrastructure-first, diversified operation that we believe will be a first in our industry,” said Jaime Leverton, CEO of Hut 8.
TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”).
Key Points:
- TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”).
- The combined company will be named “Hut 8 Corp.” (“New Hut”) and will be a U.S.-domiciled entity.
- New Hut has filed a further amendment to its Form S-4 Registration Statement (the “Amended S-4 Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”).
- Completion of the Transaction remains subject to the remaining regulatory approvals, approval of the stockholders of USBTC and other customary closing conditions of the transaction.
TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”).
Key Points:
- TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”).
- The combined company will be named “Hut 8 Corp.” (“New Hut”) and will be a U.S.-domiciled entity.
- New Hut has filed a further amendment to its Form S-4 Registration Statement (the “Amended S-4 Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”).
- Completion of the Transaction remains subject to the remaining regulatory approvals, approval of the stockholders of USBTC and other customary closing conditions of the transaction.
Sale,
CAD,
Fatal Five,
Hut 8,
Ontario Superior Court of Justice,
Court,
Macquarie,
Project Panther Bidco,
TSX,
Cryptocurrency,
Bitcoin TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.Production highlights for October 2023:
Key Points:
- TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.
- The Stalking Horse Bid is part of the previously announced support agreement with Macquarie Equipment Finance Ltd (“Macquarie”) and was approved by the Court in connection with a sale and investment solicitation process ("SISP").
- Macquarie will receive a minority equity interest in BidCo of approximately 20% and a subsidiary of Hut 8 will be the majority owner with the remaining approximately 80%.
- “While our mining results remained steady month over month, we made meaningful progress toward building an infrastructure-first, diversified operation that we believe will be a first in our industry,” said Jaime Leverton, CEO of Hut 8.
Bitcoin,
Sale,
Mining,
Hut 8,
Macquarie Group,
HPC,
Ontario Superior Court of Justice,
Court,
Stalking,
Project Panther Bidco,
KSV,
AI,
TSX,
Cryptocurrency,
Auction,
Fatal Five In connection with the Stalking Horse Bid, the Court has also approved the implementation of a sale and investment solicitation process (the "SISP") to be carried out by KSV Restructuring Inc.
Key Points:
- In connection with the Stalking Horse Bid, the Court has also approved the implementation of a sale and investment solicitation process (the "SISP") to be carried out by KSV Restructuring Inc.
- The completion of the Stalking Horse Bid is also expected to result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities.
- Completion of the Stalking Horse Bid is conditional on a number of factors, including: (i) the Stalking Horse Bid being declared the successful bid in the SISP; (ii) the Court issuing an approval and vesting order in respect of the Stalking Horse Bid, and (iii) the satisfaction of standard conditions to closing.
- Subject to the conditions outlined above, and the terms and conditions of the SISP, completion of the Stalking Horse Bid is expected to occur in Q4 of 2023.
