The leading digital asset miner unveils a
series of holistic targets around environmental, social and
corporate governance (ESG) issues, from carbon removal to corporate
diversity.
TORONTO, Dec. 8, 2021 /PRNewswire/ - Hut 8 Mining
Corp. (Nasdaq: HUT) (TSX: HUT)
("Hut 8" or "the Company"), is pleased to announce its
Environmental, Social and Governance ("ESG") objectives as a part
of its efforts to lead the global industry in innovation,
inclusivity and sustainability.
"Technology, sustainability, inclusivity and innovation are part
of our DNA at Hut 8, and we are proud to lead positive change in
our sector, which we hope will build a legacy that our team and
shareholders can be proud of," said Jaime
Leverton, Chief Executive Officer of Hut 8.
While the Company is sharing its objectives and goals today, ESG
is not a new focus for Hut 8 and has been one of its key priorities
under Leverton's leadership. The primary objectives are centered
around a suite of goals that extend to all aspects of corporate
social responsibility, including:
- Achieving carbon neutrality for scope 1 & 2 GHG emissions
by 2025;
- Reducing emissions through technological and operational
innovation;
- Fostering workplace health and safety, and maintaining zero
total recordable incidents;
- Focusing on corporate diversity across employee representation
including the goal to achieve 25% employee representation from
women;
- Maintaining executive management team gender diversity of over
40% women;
- Maintaining board gender diversity representation of over 30%
women;
- Continuing to be compliant with public company reporting and
disclosure requirements; and,
- Supporting and partnering with non-profit and charitable
organizations that drive positive social impact and climate change
efforts.
Hut 8's approach to ESG will continually adapt based on new data
and insights, which are consistent and in line with our near and
long-term business strategy. Our Company's long-term strategy will
include actions focused on renewable energy and continued
collaboration with suppliers to further reduce emissions.
In taking a proactive role in driving progress for the digital
asset industry, Hut 8 became a founding member of the Bitcoin
Mining Council in 2021. The Bitcoin Mining Council is a voluntary
group of digital asset miners that promotes energy usage
transparency and encourages the use of renewable energy sources.
Additionally, Hut 8 joined the Crypto Climate Accord, which is the
result of a collaborative effort inspired by the Paris Climate
Agreement. As part of Hut 8's ESG goals, the Company will be
referencing its disclosures against the Sustainability Accounting
Standards Board (SASB) and the Global Reporting Initiative (GRI)
and intends to progressively enhance these disclosures over
time.
For more detailed information on Hut 8's ESG goals and
accomplishments, visit:
https://hut8mining.com/investors/environmental-social-and-governance/
About Hut 8:
Hut 8 is one of North America's
largest innovation-focused digital asset miners, supporting open
and decentralized systems since 2018. With two sites located in
energy rich Alberta and a third
site in North Bay, Ontario,
Canada, Hut 8 has one of the highest installed capacity
rates in the industry and holds more self-mined Bitcoin than any
crypto miner or publicly traded company globally. Hut 8 is
executing on its commitment to mining and holding Bitcoin and has a
diversified business and revenue strategy to grow and protect
shareholder value regardless of Bitcoin's market direction. The
Company's multi-pronged business strategy includes profitable
digital asset mining, white-label high-performance compute hosting,
as well as yield & income programs leveraging its Bitcoin held
in reserve. Having demonstrated rapid growth and a stellar balance
sheet, Hut 8 was the first publicly traded miner on the TSX and the
first Canadian miner to be listed on The Nasdaq Global Select
Market. 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.
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, 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
approach to ESG, plans to expand the Company's ESG commitments, the
Company's goal of achieving carbon neutrality for scope 1 and 2
emissions, the Company's goal to maintain zero total recordable
workplace safety incidents, the Company's targets concerning board
and employee diversity, the Company's target dates for
accomplishing any of the foregoing, and 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, 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 25, 2021, 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.
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Toronto
Stock Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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SOURCE Hut 8 Mining Corp