Aligned to its holistic ESG objectives, the leading miner
increases representation of women on its executive management team
from 40% to 50%
TORONTO, Feb. 2, 2022 /PRNewswire/ -- 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 Erin Dermer to the
new role of Vice President Communications, Marketing and Public
Affairs, effective today. Ms. Dermer will work alongside the
Company's diverse and ambitious talent roster under the direction
of CEO Jamie Leverton to ensure that
the rapidly growing prominence of Hut 8 is visible across
Canada and in international
markets.
Ms. Dermer brings more than 20 years of experience leading
national public affairs and digital marketing mandates to promote
and protect some of Canada's top
companies, including a decade at Telus Communications Inc. She has
served as a trusted advisor to C-suite executives in the
technology, transportation, retail, and resource-mining sectors,
leading corporate communications for major international
mergers-and-acquisitions, product launches, strategic partnerships,
regulatory issues and security incidents.
"We are thrilled to welcome Erin to Hut 8 and know that her
expertise will bring great value to the Company as we continue to
grow," said Jaime Leverton, Chief
Executive Officer of the Company. "When we developed this role, we
knew we wanted an avid storyteller that could leverage experience
in corporate communications and technology with skill and passion.
We've found the perfect fit in Erin and we can't wait to get started."
Over the last two decades, Ms. Dermer had led digital marketing
and influencer relations campaigns with key players in blogging,
YouTube, Instagram, TikTok and other social media communities, as
well as industry experts across an array of fields. As a public
affairs specialist, Ms. Dermer has conceptualized and launched
strategies that successfully engaged elected officials, bureaucrats
and key voter segments to significantly boost brand sentiment.
"It has been exciting to see Hut 8 grow with speed and
confidence as it's pursued a unique, diversified corporate strategy
over the last few years and I am delighted to join such a talented
team," said Ms. Dermer. "The burgeoning blockchain and
cryptocurrency industry brings immense opportunities to connect
more people to the benefits of its technology with a strong
communications strategy."
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. Hut has been supporting open and decentralized
systems since 2018. With two digital asset mining 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. The company recently purchased
the cloud and colocation data center business from TeraGo Inc,
establishing Hut 8 as a leading high-performance computing
platform, providing unique positioning for the Company within the
digital asset ecosystem. The Data Center Business spans from
Toronto to Vancouver with over 36,000 square feet of
geo-diverse data center space powered by renewable energy sources.
With this acquisition, Hut 8 is bridging traditional and nascent
forms of high-performance compute, taking an unconventional
approach to revolutionizing conventional assets, creating the first
hybrid data center model that serves both the traditional high
performance compute (web 2.0) and nascent digital asset computing
sectors and web 3.0. Hut 8 has established a Tier 0 to Tier 4
computing platform and allocated digital asset mining and
open-source distributed ledger technology to conventionally
underutilized areas in a conventional high performance compute data
center. The platform consists of approximately 400 commercial
customers, across a variety of industry verticals including gaming,
visual effects and government agencies, and a platform for the
development of applications and services to underserved markets and
customers in the growing digital asset, blockchain, gaming and web
3.0 industries. We envision a future of robust infrastructure
offering to provide economies of scale, and economies of scope in
the high-performance computing and the growing application
development in web 3.0 and the digital asset ecosystem. 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", "allow",
"believe", "estimate", "expect", "predict", "can", "might",
"potential", "predict", "is designed to", "likely" or similar
expressions and includes, among others, statements regarding the
Company's ability to grow, the Company's rapidly growing prominence
across Canada and in international
markets, the Company's ability to leverage communications, and the
Company's ability retain and attract a diverse and ambitious talent
roster.
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
that the anticipated timing for completion of the construction and
development activities at the Company's third mining site in
North Bay, Ontario will be further
delayed as a result of global supply chain impacts, the Company's
ability to make interest payments on any drawn portions of loan
with Trinity Capital, the impact of general economic conditions on
the Company, industry conditions, currency fluctuations, taxation,
regulation, changes in tax or other legislation, competition from
other industry participants, the lack of availability of qualified
personnel or management, stock market volatility, political and
geopolitical instability and the Company's ability to access
sufficient capital from internal and external sources. The
foregoing and other risks are 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, and you
should not place undue reliance on any forward-looking information.
There can be no assurance that such estimates and assumptions will
prove to be correct. The forward-looking information 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 circumstances, or otherwise, except
as required by law. New factors emerge from time to time, and it is
not possible for Hut 8 to predict all of these factors or to assess
in advance the impact of each such factor on Hut 8's business or
the extent to which any factor, or combination of factors, may
cause actual results to differ materially from those contained in
any forward-looking information. The forward-looking information
contained in this press release is expressly qualified by this
cautionary statement.
Media Contact: Hut 8,
dea.masottipayne@northstrategic.com