Hut 8 to become a premium sponsor of EV.IO, a
multiplayer game by Addicting Games, and Luminosity Gaming, the top
esports organization on Twitch
Enthusiast Gaming poised to take advantage of
Hut 8's data centre infrastructure
LOS ANGELES and TORONTO, March 2,
2022 /CNW/ - 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.
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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SOURCE Hut 8 Mining Corp