Hut 8 Mining Corp. Announces Closing of CAD$77.5 Million Offering with Institutional Investors
Toronto, Ontario--(Newsfile Corp. - January 13, 2021) - Hut 8 Mining Corp. (TSX: HUT) (the "Company") is pleased to announce that it has closed its previously announced private placement of equity securities (the "Offering"). The Offering was for gross proceeds of CAD$77,500,000 and consisted of the sale of 15,500,000 common shares (the "Offered Shares") and warrants to purchase up to 7,750,000 common shares at a purchase price of CAD$5.00 per Offered Share and associated Warrant. Each...
2021-01-13 6:27 PM EST
Hut 8 Mining Corp. Announces CAD$77.5 Million Private Placement with Institutional Investors
Toronto, Ontario--(Newsfile Corp. - January 11, 2021) - Hut 8 Mining Corp. (TSX: HUT) (the "Company") is pleased to announce that it has entered into a securities purchase agreement for a private placement of its common shares ("Common Shares") and warrants to purchase common shares ("Warrants") to institutional investors for gross proceeds of CAD$77,500,000 (the "Private Placement"). Pursuant to the Private Placement, the Company will issue 15,500,000 Common Shares and Warrants to purchase...
2021-01-11 1:15 AM EST
Hut 8 Mining Corp opens Bitcoin Yield Account with Genesis
Toronto, Ontario--(Newsfile Corp. - January 6, 2021) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), a publicly listed bitcoin mining company, today announced the opening of a Bitcoin (BTC) 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...
2021-01-06 5:30 PM EST
Hut 8 Announces Results of 2020 Annual and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - December 30, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company") is pleased to announce the results of the Annual and Special Meeting of Shareholders (the "Meeting") 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 common shares...
2020-12-30 5:44 PM EST
Hut 8 Continues to Add Talent to Roster with the Appointment of Sue Ennis as Head of Investor Relations
Toronto, Ontario--(Newsfile Corp. - December 16, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), a publicly listed bitcoin mining company, 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...
2020-12-16 7:45 AM EST
Hut 8 Proposes Two New Board Members
Toronto, Ontario--(Newsfile Corp. - December 1, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), a publicly listed bitcoin mining company, 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...
2020-12-01 7:45 AM EST
Hut 8 Reports Third Quarter 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - November 12, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), a publicly listed bitcoin mining company, today announces its financial results for the third quarter ending September 30, 2020 ("Q3-2020"). Hut 8 reports all amounts in Canadian Dollars unless otherwise stated.Q3-2020 HighlightsQuarterly revenue of $5.8 million with mining profit margin of -37%.Revaluation gain related to Hut 8's bitcoin holdings of $5.6 million...
2020-11-12 7:45 AM EST
Hut 8 Appoints Jaime Leverton as CEO
Toronto, Ontario--(Newsfile Corp. - November 2, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), a publicly listed bitcoin mining company, 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...
2020-11-02 7:45 AM EST
Hut 8 to Present at the Virtual Gravitas Technology and Diversified Investor Day
Toronto, Ontario--(Newsfile Corp. - October 13, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), 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 scheduled to present on Thursday,...
2020-10-13 4:00 PM EDT
Hut 8 Announces It Is the First TSX Listed Issuer to Complete the TSX Sandbox Program
Toronto, Ontario--(Newsfile Corp. - October 9, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, 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...
2020-10-09 4:00 PM EDT
Hut 8 Announces Installation of New Equipment
Toronto, Ontario--(Newsfile Corp. - September 18, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, 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....
2020-09-18 7:45 AM EDT
Hut 8 Announces the Final Transfer of Site Management and Operations at Drumheller
Toronto, Ontario--(Newsfile Corp. - September 2, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, announces that the site management of the Drumheller facility operations has been transferred from the Bitfury Group ("Bitfury") 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...
2020-09-02 8:09 AM EDT
Hut 8 Reports Second Quarter 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - August 13, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, today announces its financial results for the second quarter ending June 30, 2020 ("Q2-2020"). Hut 8 reports all amounts in Canadian Dollars unless otherwise stated.Q2-2020 HighlightsQuarterly revenue of $9.2 million from mining 795 bitcoinMining profit...
2020-08-13 7:45 AM EDT
Hut 8 Announces Operational Updates
Toronto, Ontario--(Newsfile Corp. - August 12, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, today announces various operational updates including receipt of 2,000 bitcoin miners from MicroBT, the beginning of a hosting arrangement, and the transfer of Bitfury Clark chips from Drumheller to Medicine Hat. Mining equipment orderHut 8 is now in...
2020-08-12 5:30 PM EDT
Hut 8 Mining Corp. Announces Release Date for Second Quarter 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - August 6, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, today announced that it will release its second quarter 2020 financial results pre-market open on Thursday August 13, 2020.A conference call has been scheduled to discuss the Company's year-end financial results, hosted by Interim CEO Jimmy Vaiopoulos,...
2020-08-06 5:30 PM EDT
Hut 8 Announces the Transfer of Site Management and Operations
Toronto, Ontario--(Newsfile Corp. - August 4, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, announces that the management of the Medicine Hat facility operations have been transferred from the Bitfury Group ("Bitfury") to Hut 8 effective August 1, 2020. Previously, Hut 8 outsourced the operations and maintenance at the Medicine Hat facility to...
2020-08-04 7:45 AM EDT
Hut 8 Announces Successful Renegotiation of Loan Terms
Toronto, Ontario--(Newsfile Corp. - July 13, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, today announced that it has renegotiated key terms with Genesis Global Capital, LLC ("Lender") for its US$20 million facility including the interest rate and bitcoin collateral, saving Hut 8 up to $500,000 per year in interest costs.The interest rate on...
2020-07-13 5:30 PM EDT
Hut 8 Reports First Quarter 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, today announces its financial results for the first quarter ending March 31, 2020 ("Q1-2020"). Hut 8 reports all amounts in Canadian Dollars unless otherwise stated.A conference call has been scheduled to discuss the Company's Q1-2020 financial results,...
2020-05-11 7:45 AM EDT
Hut 8 Mining Corp. Announces Release Date for First Quarter 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 6, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, today announced that it will release its first quarter 2020 financial results pre-market open on Monday May 11, 2020.A conference call has been scheduled to discuss the Company's year-end financial results, hosted by Interim CEO Jimmy Vaiopoulos, starting at...
2020-05-06 5:30 PM EDT
Hut 8 Provides Update on CEO Search
Toronto, Ontario--(Newsfile Corp. - April 30, 2020) - Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, today announces that as planned and previously disclosed, Andrew Kiguel has stepped down as CEO and Director of Hut 8 and Jimmy Vaiopoulos will become the Interim CEO while Hut 8's Board of Directors continues the CEO search. "I'm proud to have played a...
2020-04-30 5:49 PM EDT