Company continues to champion industry
standards through measurable, holistic ESG goals that will drive a
more sustainable future
TORONTO, May 10,
2022 /PRNewswire/ - Today, 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, supporting open
and decentralized systems since 2018, published its inaugural ESG
report.
"Technology, sustainability, inclusivity, and innovation are a
part of Hut 8's DNA," said Hut 8 CEO Jaime
Leverton. "While our executive and board have long been
proponents of strong environmental, social, and governance
standards, we have worked with the entire Hut 8 team to set
measurable ESG targets, and are proud to be achieving meaningful
results."
The report, which discloses against the Sustainability
Accounting Standards Board (SASB) and the Global Reporting
Initiative (GRI), was reviewed and provided a statement of
assurance from Ernst & Young, demonstrates progress made since
holistic ESG goals and targets were announced in December,
2021.
Environment
- On track to achieving carbon neutrality by 2025
- Procured carbon instruments to offset 20% of our 2021 scope 1
& 2 emissions
- Diverted 61% of waste from landfills
- Installed 100% LED lighting at the Medicine Hat and Drumheller mines
- Added electric skid steers and UTVs
Social
- Proudly supported charities including the United Way, YMCA, and
Santa Fund in North Bay
- Volunteered more than 30 hours for the United Way
- 50% of executive management roles held by women
- Zero recordable injuries across the business
Governance
- 40% of Board seats held by women
- Committed to conducting our business with accountability,
integrity, respect, and teamwork
"This is an important step in our ESG journey," said Leverton.
"We will continue to embed ESG priorities into everything we do,
continually adapting our approach based on new data, best
practices, and insights that align with our business
priorities."
Taking a proactive role in driving transparency and progress
across the digital asset industry, Hut 8 became a founding member
of the Bitcoin Mining Council in 2021. The Council is a voluntary
group of digital asset miners that promotes energy usage
transparency and encourages the use of renewable energy sources.
Hut 8 also joined the Crypto Climate Accord, the result of a
collaborative effort inspired by the Paris Climate Agreement, the
Global Blockchain Business Council, and was the first digital asset
miner to join the Business Renewables Centre Canada.
For more detailed information on Hut 8's ESG goals and
accomplishments, please click here.
About the Company:
Hut 8 is one of North America's
largest innovation-focused digital asset miners, led by a team of
business-building technologists, bullish on Bitcoin, blockchain,
Web 3.0 and bridging the nascent and traditional high performance
computing worlds. With two digital asset mining sites located in
Southern Alberta and a third site
in North Bay, Ontario, all located
in Canada, Hut 8 has one of the
highest capacity rates in the industry and one of the highest
inventories of self-mined Bitcoin of any crypto miner or
publicly-traded company globally. With 36,000 square feet of
geo-diverse data centre space and cloud capacity connected to
electrical grids powered by significant renewables and
emission-free resources, Hut 8 is revolutionizing conventional
assets to create the first hybrid data centre model that serves
both the traditional high-performance compute (Web 2.0) and nascent
digital asset computing sectors, blockchain gaming, and Web 3.0.
Hut 8 was the first Canadian digital asset miner to list on the
Nasdaq Global Select composite index and the first blockchain
company to be added to the S&P/TSX Composite Index in 2021.
Through innovation, imagination, and passion, Hut 8 is helping to
define the digital asset revolution to create value and positive
impacts for its shareholders and generations to come.
Cautionary Note Regarding
Forward–Looking Information:
This press release includes "forward-looking information" and
"forward-looking statements" within the meaning of Canadian
securities laws and United States
securities laws, respectively (collectively, "forward-looking
information"). All information, other than statements of historical
facts, included in this press release that address activities,
events or developments that the Company expects or anticipates will
or may occur in the future, including such things as future
business strategy, competitive strengths, goals, expansion and
growth of the Company's businesses, operations, plans and other
such matters is forward-looking information. Forward-looking
information is often identified by the words "may", "would",
"could", "should", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" or similar expressions and
includes, among others, words "may", "would", "could", "should",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" or similar expressions and includes, among others,
statements regarding the Company's plans, goals, targets,
commitments and strategies to advance its environmental, social,
and governance ("ESG") objectives, the steps the Company plans to
make to meet those objectives, the Company's strategy to ESG
alignment, and plans to expand on any ESG practices, the Company's
goal of achieving carbon neutrality by 2025, the Company's ability
to maintain zero total recordable workplace safety incidents, the
Company's ability to meet its diversity targets with respect to its
Board and management, the Company's target dates for accomplishing
any of the foregoing, and any other statements that are not
historically facts. Readers are cautioned that the foregoing list
is not exhaustive.
Forward-looking information is necessarily based on a number of
opinions, assumptions and estimates that, while considered
reasonable by Hut 8 as of the date of this press release, are
subject to known and unknown risks, including geo-political risks,
uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information, including but not limited to the
factors described in greater detail in the "Risk Factors" section
of the Company's Annual Information Form dated March 17, 2022, which is available on
www.sedar.com. These factors are not intended to represent a
complete list of the factors that could affect Hut 8; however,
these factors should be considered carefully. There can be no
assurance that such estimates and assumptions will prove to be
correct. The forward-looking statements contained in this press
release are made as of the date of this press release, and Hut 8
expressly disclaims any obligation to update or alter statements
containing any forward-looking information, or the factors or
assumptions underlying them, whether as a result of new
information, future events or otherwise, except as required by
law.
Related Links: www.hut8mining.com
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SOURCE Hut 8 Mining Corp