TORONTO, Dec. 9, 2021 /CNW/ - 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, is
pleased to announce the appointment of Rick
Rickertsen to its Board of Directors, effective December 9, 2021.
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Rick Rickertsen is a 30-year
private equity professional with extensive board experience having
served in numerous board committee leadership roles, and is a
published author of two successful business books. Mr. Rickertsen
is currently the Managing Partner of Pine Creek Partners, a private
equity investment firm that specializes in partnering with
management teams to acquire small companies. From January 1998 to January
2004, Mr. Rickertsen was the Chief Operating Officer as well
as a partner at the private equity firm Thayer Capital Partners
("Thayer"), prior to assuming the role of Managing Partner. During
Mr. Rickertsen's tenure at Thayer, he oversaw three investment
funds totaling over US $1.4
billion.
Over the years, Mr. Rickertsen has spearheaded numerous
investments and served as Chairman and Director of several
companies, most notably SAGA systems, and has been a member of the
Board of Directors of MicroStrategy, one of the first publicly
traded companies to add Bitcoin to its treasury management
strategy, since October 2002.
"We are thrilled to welcome Rick to the Board of Directors of
Hut 8. Rick is not only a champion of Bitcoin, but is also an
incredibly collaborative leader, thinker and strategist, who brings
with him a tremendous depth of experience across a vast array of
industries," said Jaime Leverton,
Chief Executive Officer of Hut 8. "We are very excited to kick off
2022 with Rick on our team."
"It is a privilege to be asked to serve on the Board of
Directors of Hut 8. Hut 8 is an incredibly exciting leader in the
Bitcoin mining sector, with a tremendous management team and very
strong board. I hope I can build on my MicroStrategy Bitcoin
experience to help Hut 8 grow on many fronts," said Rick Rickertsen, Managing Partner of Pine Creek
Partners.
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", "build on", "grow" or similar
expressions and includes, among others, management's statements
regarding expectations, projections, estimates or characterizations
of future events or circumstances.
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.
Related Links
www.hut8mining.com
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SOURCE Hut 8 Mining Corp