TORONTO, May 25, 2021 /CNW/ - Hut 8 Mining Corp.
(TSX: HUT) ("Hut 8" or the "Company"), one of
North America's oldest and largest
innovation-focused digital asset mining pioneers, is pleased to
announce the procurement of new server hardware through Amulet
Hotkey to be used in conjunction with the Nvidia GPUs announced on
March 26, 2021.
This deal is significant for Hut 8 as it unlocks enterprise
quality hardware, technical support, and a plethora of monitoring
and control tools for the Company while it pursues additional
computationally intensive applications in the high-performance
computing space. This transaction serves to advance Hut 8's revenue
diversification strategy and drive immediate short and long-term
revenue growth objectives forward in FY2021.
The new hardware is standard purpose and can be used for not
only GPU mining but for high-performance computing, artificial
intelligence and machine learning applications in the future.
"The multi functionality of these servers is what attracted Hut
8 to this opportunity and motivated us to procure hardware through
Amulet Hotkey," said Jaime Leverton,
CEO of Hut 8 Mining. "Our executive leadership team will continue
seeking out opportunities that foster long-term value for Hut 8
investors as we grow to meet and exceed the accelerated needs of
the high-performance computing industry."
About Amulet Hotkey:
Amulet Hotkey designs, manufactures, and integrates solutions
for remote physical or virtual workstations, as well as virtual and
cloud desktops. The company's solutions are optimized for
mission-critical and data-intensive applications to deliver robust,
secure, and uncompromised performance backed up by world-class
support.
Amulet Hotkey's customers include Fortune 500 and Global 2000
enterprises as well as local and national governments. The
solutions are deployed in command and control, emergency call
centers, investment banks, oil & gas, CAD designers, digital
content creation, and postproduction studios around the
world.
About Hut 8:
Hut 8 is one of North America's
oldest, largest and innovation-focused bitcoin miners. Hut 8 has
one of the highest installed capacity rates in the industry and is
#1 globally in held, self-mined Bitcoin of any crypto miner or
publicly traded company. Recently ranked 11th (of 10,000) on the
2021 OTCQX® Best 50, and the first publicly traded miner on the
TSX, the Hut 8 leadership team is continually looking for ways to
accelerate innovation in high performance computing, and the
blockchain ecosystem. We are stewards of powerful, industry-leading
solutions, and drivers of innovation in digital asset mining and
high-performance computing. – Hut 8 applies a growth mindset to our
revenue diversification, ESG and carbon footprint reduction
strategy.
Forward-Looking Statements:
Statements made in this press release that relate to future
plans, events or performances are forward-looking statements. Any
statement containing words such as "may", "would", "could", "will",
"believes", "plans", "anticipates", "estimates", "expects" or
"intends" and other similar statements which are not historical
facts contained in this release are forward-looking, and these
statements involve risks and uncertainties and are based on current
expectations. Such statements reflect Hut 8's current views with
respect to future events and are subject to certain risks,
uncertainties and assumptions. Many factors could cause Hut 8's
actual results, performance or achievements to be materially
different from any future results, performance or achievements that
may be expressed or implied by such forward looking statements,
including among other things, those factors which are discussed
under the heading "Risk Factors" in Hut 8's Annual Information Form
dated March 25, 2021, as filed with
applicable Canadian securities regulatory authorities and available
on SEDAR under the Hut 8's profile at www.sedar.com and
elsewhere in documents that Hut 8 files from time to time with such
securities regulatory authorities. Should one or more of these
risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results could differ materially from the expectations expressed in
these forward-looking statements. Hut 8 does not intend, and does
not assume any obligation, to update these forward-looking
statements except as required by applicable law or regulatory
requirements.
SOURCE Hut 8 Mining Corp