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Hut 8 Mining

investment firm

About

Hut 8 Mining is a cryptocurrency mining and bockchain infrastructure company focused on mining bitcoin.

Highlights

Stock Symbol
tsx:HUT
Total Funding Amount
$32.89M $8.30M
Funding Rounds
5
Investors
4
Acquisition
1
Employee Profiles
4

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$30M
Industries
Blockchain,Cryptocurrency,Mining
Founded date
Jan 1, 2011
Operating Status
Active
Stock Symbol
tsx:HUT
Legal Name
Hut 8 Mining Corp.
Also Known As
Hut 8

Hut 8 Mining is a cryptocurrency mining and Blockchain infrastructure company established through an exclusive partnership with Bitfury, one of the world’s leading Blockchain technology companies. Hut8 Mining currently owns bitcoin mining datacenters representing 24.2 MW and 165 PH/s that are in operation or under construction, with a pipeline of acquisition and development opportunities across North America. Hut 8 Mining is led by a team of industry experts to provide investors with exposure to Blockchain processing infrastructure and technology along with underlying cryptocurrency rewards and revenue from transaction fees.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$32.89M $8.30M
Hut 8 Mining has raised a total of $32.89M $8.30M in funding over 2 rounds. Their latest funding was raised on Jan 5, 2022 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 5, 2022 Post-IPO Debt $30M 1 Trinity Capital — Detail
Jun 30, 2020 Post-IPO Equity $8.30M 2 Fidelity International — Detail
Feb 7, 2018 Post-IPO Equity $2.89M — — — Detail
Dec 14, 2017 Private Equity（PE） — 1 — — Detail
Oct 20, 2016 IPO — — — — Detail

Investors

Number of Lead Investors
Number of Investors
2
4
Hut 8 Mining is funded by 4 investors. Trinity Capital and Fidelity International are the most recent investors.
Investor Name Lead Investor Funding Round
Trinity Capital Yes Post-IPO Debt
Fidelity International Yes Post-IPO Equity
Gravitas Securities — Post-IPO Equity
Marat Kichikov — Private Equity（PE）

Employee Profiles

Number of Employee Profiles
4
Hut 8 Mining has 4 current employee profiles, including Executive Shenif Visram
Shenif Visram
Executive
Jimmy Vaiopoulos
Executive
James Beer
Executive
Aniss Amdiss
Executive

Acquisition

Hut 8 Mining has acquired 1 organizations. Their most recent acquisition was TeraGo-Data Center Business on Jan 20, 2022. They acquired TeraGo-Data Center Business for $30M.

Date Company Name
Industry Acquisition Type Price
Jan 20, 2022 TeraGo-Data Center Business
Cloud Data Services acquisition $ 30M Detail
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