This appointment further strengthens Hut 8's
blue-chip executive team by adding expertise in corporate
governance, capital markets, and mergers and acquisitions
TORONTO, June 21,
2022 /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 Aniss Amdiss as
the company's Chief Legal Officer, effective July 11, 2022. Based in Toronto, Aniss will lead Hut 8's legal and
governance portfolios and serve as Corporate Secretary, reporting
to Chief Executive Officer Jaime Leverton.
"Aniss is going to be an excellent addition to Hut 8's seasoned,
dynamic executive team," said Jaime Leverton, Chief Executive
Officer of Hut 8. "Aniss' vast experience and leadership acumen
will ensure that Hut 8 continues to operate with integrity and
transparency while consistently elevating our governance and
compliance processes, which will truly differentiate us in a
nascent, rapidly evolving industry."
Aniss brings extensive legal expertise to Hut 8, including
significant experience in securities laws matters, leading
acquisitions and other corporate transactions, and advising on best
practices with respect to corporate governance matters. Prior to
joining Hut 8, he served as Vice President, Legal, General Counsel,
and Corporate Secretary at Greenbrook TMS Inc., a TSX and Nasdaq
listed healthcare services company.
"The opportunity to move into a relatively new and incredibly
exciting industry really attracted me to Hut 8, and I cannot wait
to join such a high-performing leadership team," said Aniss.
"Leveraging my previous experience at a growth company operating in
a highly regulated industry, I look forward to making a meaningful
contribution as Hut 8 continues to successfully execute on its
strategy and grow as a leader in both the digital asset mining and
high-performance computing spaces."
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.
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. In addition, any statements in this press release that
refer to expectations, projections or other characterizations of
future events or circumstances contain forward-looking information
and include, among others, statements regarding: the Company's
growing and diverse leadership team; the Company's ability retain
and attract an ambitious and seasoned executive talent roster; the
Company's ability to continue to operate with integrity and
transparency; the Company's ability to consistently elevate its
governance and compliance processes; and the Company's ability to
continue to successfully execute on its strategy and grow as a
leader in both the digital asset mining and high-performance
computing spaces.
Statements containing forward-looking information are not
historical facts, but instead represent management's expectations,
estimates and projections regarding future events based on certain
material factors and assumptions at the time the statement was
made. While considered reasonable by Hut 8 as of the date of this
press release, such statements 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 security
and cybersecurity threats and hacks, malicious actors or botnet
obtaining control of processing power on the Bitcoin or Ethereum
network, further development and acceptance of Bitcoin and Ethereum
networks, changes to Bitcoin or Ethereum mining difficulty, loss or
destruction of private keys, increases in fees for recording
transactions in the Blockchain, erroneous transactions, reliance on
a limited number of key employees, reliance on third party mining
pool service providers, regulatory changes, classification and tax
changes, momentum pricing risk, fraud and failure related to
cryptocurrency exchanges, difficulty in obtaining banking services
and financing, difficulty in obtaining insurance, permits and
licenses, internet and power disruptions, geopolitical events,
uncertainty in the development of cryptographic and algorithmic
protocols, uncertainty about the acceptance or widespread use of
cryptocurrency, failure to anticipate technology innovations, the
COVID19 pandemic, climate change, currency risk, lending risk and
recovery of potential losses, litigation risk, business integration
risk, changes in market demand, changes in network and
infrastructure, system interruption, changes in leasing
arrangements, and other risks related to the cryptocurrency and
data centre business. For a complete list of the factors that could
affect the Company, please see the "Risk Factors" section of the
Company's Annual Information Form dated March 17, 2022, and Hut 8's other continuous
disclosure documents which are 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. Should one or
more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
in this press release as intended, planned, anticipated, believed,
sought, proposed, estimated, forecasted, expected, projected or
targeted and such forward-looking statements included in this press
release should not be unduly relied upon. The impact of any one
assumption, risk, uncertainty, or other factor on a particular
forward-looking statement cannot be determined with certainty
because they are interdependent and Hut 8's future decisions and
actions will depend on management's assessment of all information
at the relevant time. 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.
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SOURCE Hut 8 Mining Corp