Enthusiast Gaming Holdings Inc. (NASDAQ: EGLX;
TSX: EGLX), (“Enthusiast Gaming”), an integrated gaming
entertainment company, today announced a multi-year partnership
with
Hut 8 Mining Corp. (NASDAQ: HUT; TSX: HUT)
(“Hut 8”), one of North America’s largest innovation-focused
digital asset mining pioneers, supporting open and decentralized
systems since 2018. The partnership marks the first time Hut 8 has
come together with a gaming and esports organization, and
Enthusiast Gaming’s first partnership with a digital asset miner.
As ambitious leaders at the intersection of
gaming and digital asset mining, Enthusiast Gaming and Hut 8 will
collaborate on new experiences and content within mobile and
blockchain gaming, Web 3.0, NFTs, and cryptocurrency.
Gaming, specifically blockchain gaming, is
forecast to grow at a compound annual growth rate of 14.5% through
2026, now that gamers are capable of and interested in owning their
own digital assets.
To kick off the partnership, Enthusiast Gaming
will release a significant update to its first-person shooter game
EV.IO, featuring Hut 8 as a presenting sponsor. Hut 8 will also
become a sponsor of Luminosity Gaming, the top esports organization
on Twitch with a social following of more than 145 million
globally.
The ongoing partnership will see Hut 8 content
integrated across Enthusiast Gaming’s flywheel of communities,
games, and experiences. Hut 8 is also positioned to provide
critical infrastructure support by hosting Enthusiast Gaming in its
data centres, which are connected to electrical grids powered by
significant renewables and emissions-free resources.
“As we consider new opportunities in Web 3.0,
the Metaverse, NFTs and cryptocurrency, we’re proud to join a
partnership that will really deliver for our creators, communities
and fans, and to kick things off with Hut 8 by bringing our
flywheel of opportunities to them, through our latest launch from
Addicting Games, and as a partner on Luminosity Gaming,”
said Adrian Montgomery, CEO of Enthusiast Gaming.
“With one of the highest inventories of self-mined Bitcoin of any
publicly-traded company globally, Hut 8 has established itself as
an innovative leader by bridging digital asset mining with the
traditional data centre industry, and is now serving both
traditional high-performance applications and applications in the
gaming and blockchain space.”
“As a digital currency miner with data centre
infrastructure, we’re ideally positioned to join forces with one of
North America’s largest and fastest growing gaming entertainment
companies and generate the unique benefits of this strategic
partnership,” said Jaime Leverton, CEO of Hut 8.
“We’re excited to host Enthusiast Gaming in our data centres and
collaborate on new experiences and content that will connect us to
their audience of 300 million Gen Z and Millennial viewers, the
majority of whom are crypto-savvy.”
Samples of Hut 8/EV.IO visuals can be found
here.
About Enthusiast Gaming
Enthusiast Gaming is an integrated gaming
entertainment company, building the largest media platform for
video game and esports fans to connect and engage worldwide.
Combining the elements of its four core pillars; Media, Talent,
Esports and Experiences, Enthusiast Gaming provides a unique
opportunity and integrated approach to reach and connect with its
coveted GenZ and Millennial audience. Through its proprietary mix
of digital media and entertainment assets, Enthusiast Gaming has
built a vast network of like-minded communities to deliver the
ultimate fan experience.
About Hut 8
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. Hut 8’s team of business building technologists are
believers in decentralized systems, stewards of powerful
industry-leading solutions, and drivers of innovation in digital
asset mining and high-performance computing, with a focus on ESG
alignment. 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.
Contacts
Enthusiast Gaming Investor Relations:Eric
Bernofsky, Chief Corporate
Officerinvestor@enthusiastgaming.com
Enthusiast Gaming Media Relations:Derek Holota,
Provident Communicationsderek@providentcomms.com343-422-5606
Hut 8 Investor Relations:Sue Ennis, VP of Investor Relations
sue@hut8mining.com
Hut 8 Media Relations: Dea Masotti Payne, North
Strategicdea.masottipayne@northstrategic.com
This news release contains certain statements
that may constitute forward-looking information under applicable
securities laws. All statements, other than those of historical
fact, which address activities, events, outcomes, results,
developments, performance or achievements that Enthusiast Gaming
anticipates or expects may or will occur in the future (in whole or
in part) should be considered forward-looking information. Often,
but not always, forward-looking information can be identified by
the use of words such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or variations (including negative
variations) of such words and phrases, or statements formed in the
future tense or indicating that certain actions, events or results
“may”, “could”, “would”, “might” or “will” (or other variations of
the forgoing) be taken, occur, be achieved, or come to pass.
Forward-looking statements in this news release include, but are
not limited to, expectations, expertise, projections, estimates or
characterizations of future events or circumstances by the
management of Enthusiast Gaming and Hut 8, the planned
partnership activities including brand activations, the ability
generate the unique benefits of this partnership, the ability to
collaborate on new experiences and content within mobile and
blockchain gaming, Web 3.0, NFTs, and cryptocurrency, enhancements
to and the functionality of game titles published by Enthusiast
Gaming, and the provision of Hut 8’s data centre infrastructure,
Hut 8’s ability to connect to Enthusiast Gaming’s audience of 300
million Gen Z and Millennial viewers, Hut 8’s ability to continue
to innovate and lead in digital asset mining and traditional data
centre industry, and Hut 8’s ability to continue to serve both
traditional high-performance applications as well as applications
in the gaming and blockchain space
Forward-looking statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, including, but not
limited to, expectations and assumptions concerning: interest and
foreign exchange rates; capital efficiencies, cost saving and
synergies; growth and growth rates; the success in the esports and
gaming media industry; the Company’s growth plan, and judgment
applied in the application of the Company’s accounting policies and
in the preparation of financial statements in accordance with
applicable financial reporting standards. While Enthusiast Gaming
considers these assumptions to be reasonable, based on information
currently available, they may prove to be incorrect. Readers are
cautioned not to place undue reliance on forward-looking
statements. In addition, forward-looking statements necessarily
involve known and unknown risks, including, without limitation,
risks associated with general economic conditions; adverse industry
events; and future legislative, tax and regulatory developments.
Readers are cautioned that the foregoing list is not exhaustive.
For more information on the risks, uncertainties and assumptions
that could cause anticipated opportunities and actual results to
differ materially, please refer to the public filings of Enthusiast
Gaming which are available on SEDAR at www.sedar.com. Readers are
further cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions
or expectations upon which they are placed will occur. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement and reflect our expectations as of the
date hereof, and thus are subject to change thereafter. Enthusiast
Gaming disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law.
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