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Hash Rate

4.7

EH/s

Efficiency

31.7

J/TH

BTC HODL

9,110

BTC Production

83

BTC per EH/s

17.7

Utilization

80%

Power (MW)

1,322

Description

Hut 8 Corp. is an energy infrastructure operator and diversified digital asset miner headquartered in Miami, Florida with data center locations across the US and Canada. The Company leverages long-dated financing and structured energy grids to support large-scale institutional hosting, managed infrastructure services, and high-performance compute workloads.

1101 Brickell Avenue

Suite 1500

Miami, FL 33131

United States

647 256 1992

https://www.hut8.com

Sector(s): Financial Services

Industry: Capital Markets

Full Time Employees: 110

All estimated data and analysis provided by Power Analysis

Asher Genoot

CEO

Appointed CEO in February 2024, Asher Genoot previously served as President and Director of Hut 8 since November 2023. Before joining Hut 8, he was Co-Founder and President of U.S. Data Mining Group, Inc. dba US Bitcoin Corp, a venture-backed private bitcoin mining company with a 730 MW portfolio across data centers in Texas, Nebraska, and New York as of December 2022. Mr. Genoot is a member of Young Presidents Organization and the 2024 Forbes 30 Under 30 – Energy.

Asher began his career in Shanghai, China, where he founded, scaled, and exited two successful EdTech startups, the Ivy Crest Institute of International Education and Curio Education. In China, Asher developed a passion for building high-performing organizations. In 2019, he returned to the US to apply this passion as Managing Director of Flagship Endeavors, a consumer brands incubator. In 2020, Asher co-founded US Bitcoin Corp, starting as Chief Operating Officer then serving as President and Director.

Asher graduated summa cum laude from the University of Southern California at age 19 with a Bachelor in Business Administration. He is a member of Young Presidents Organization (YPO) and fluent in English, Mandarin, Hebrew, and Shanghainese.


Mike Ho

CSO

With more than a decade of experience conceiving and building high-growth businesses in nascent markets, Mike drives Hut 8’s strategic vision and technology roadmap.

Prior to Hut 8, Mike co-founded and served as Chief Executive Officer and Board Chair of US Bitcoin Corp. A trailblazer of digital asset mining, Mike first began mining digital assets in 2014. In 2017, he began designing, building, and selling turnkey mining facilities to emerging institutional customers that are today among the largest public miners in the world.

Mike is an accomplished entrepreneur with deep experience in strategic M&A, transformation, partnerships, structured financing, and international trade.


Shenif Visram

CFO

With over 20 years of experience leading world-class finance organizations, Shenif brings a breadth of corporate and operational finance experience to Hut 8. He began his finance career at IBM Canada, where he progressed to CFO roles in the largest IBM Canada Business units. He then moved to Cogeco Peer 1 as Vice President, Finance, where he jointly led the sale of the company to a private equity firm. He assumed the role of CFO, where he led the privatization of the company and played a key role in rebranding to Aptum Technologies. Shenif was the recipient of the 2021 Report on Business Best Executive Award for his accomplishments as CFO of Aptum. Shenif is a Chartered Professional Accountant (CPA, CMA) and resides in Richmond Hill, ON with his wife and 2 kids.


Victor Semah

CLO

Victor Semah is a seasoned technology executive and legal team leader. Prior to joining Hut 8, Victor served as the Chief Legal Officer of Cyxtera Technologies, a global data center company, which he guided through several transformational transactions. These transactions included the carve-out acquisition of the business from a major telecommunications company, the spin-out of several software and cybersecurity businesses, a going-public transaction, and a company sale.

Concurrently with his role at Cyxtera, Victor was a Partner at Medina Capital, a private equity investment firm, and major shareholder of Cyxtera.

Victor began his career in private practice and was most recently a Shareholder in the corporate and securities practice at Greenberg Traurig in Miami. In that role, he represented public and private companies on securities, mergers and acquisitions (M&A), and financing transactions.

His deep understanding of the digital infrastructure industry, and his experience as a leader of a publicly traded company significantly strengthens the Hut 8 legal team.

Monthly Miner Data

August 10, 2026, Hut 8 Corp.

Hut 8 Affirms Commitment to Responsible Data Center Development Following Directive from Texas Governor Greg Abbott

August 4, 2026, Hut 8 Corp.

Hut 8 Reports Second Quarter 2026 Results

July 20, 2026, Hut 8 Corp.

Hut 8 Fully Commercializes 1 GW Beacon Point AI Data Center Campus with Second 352 MW IT Lease, Bringing Campus-Level Base-Term Contract Value to $19.6 Billion

July 13, 2026, Hut 8 Corp.

Hut 8 Schedules Second Quarter 2026 Earnings Release and Conference Call

June 11, 2026, Hut 8 Corp.

Hut 8 Names E. Stanley O’Neal Chair of the Board

June 09, 2026, Hut 8 Corp.

Hut 8 Closes $4.25 Billion of Investment-Grade Senior Secured Notes for Beacon Point Data Center Project

June 05, 2026, Hut 8 Corp.

Hut 8 Announces Pricing of $4.25 Billion of Investment-Grade Senior Secured Notes for Beacon Point Data Center Project

June 04, 2026, Hut 8 Corp.

Hut 8 Appoints Mark Eidelman as Head of Investor Relations

May 19, 2026, Hut 8 Corp.

Hut 8 Commits $16 Million to Expand Water Infrastructure in West Feliciana Parish

May 06, 2026, Hut 8 Corp.

Hut 8 Reports First Quarter 2026 Results

May 06, 2026, Hut 8 Corp.

Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 Billion

April 30, 2026, Hut 8 Corp.

Hut 8 Closes $3.25 Billion of Investment-Grade Senior Secured Notes in Landmark Financing for River Bend Data Center Project

April 28, 2026, Hut 8 Corp.

Hut 8 Announces Pricing of $3.25 Billion of Investment-Grade Senior Secured Notes for River Bend Data Center Project

April 17, 2026, Hut 8 Corp.

Hut 8 Schedules First Quarter 2026 Earnings Release and Conference Call

December 25, 2025, Hut 8 Corp.

Hut 8 Reports Fourth Quarter and Full Year 2025 Results

December 17, 2025, Hut 8 Corp.

Hut 8 Signs 15-Year, 245 MW AI Data Center Lease at River Bend Campus with Total Contract Value of $7.0 Billion

December 17, 2025, Hut 8 Corp.

Hut 8 Announces AI Infrastructure Partnership with Anthropic and Fluidstack

November 17, 2025, Hut 8 Corp.

Hut 8 Announces Sale of 310 MW Power Portfolio to TransAlta Following Successful Optimization and Long-Term Contract Wins

November 4, 2025, Hut 8 Corp.

Hut 8 Reports Third Quarter 2025 Results

August 13, 2025, Hut 8 Corp.

Hut 8 Announces Plans to Develop Four New Sites with More Than 1.5 GW of Total Capacity

August 08, 2025, Hut 8 Corp.

Hut 8 Reports Second Quarter 2025 Results

August 06, 2025, Hut 8 Corp.

Hut 8 Subsidiary American Bitcoin Announces Commencement of Gryphon Stockholder Voting on Go-Public Transaction

July 22, 2025, Hut 8 Corp.

Hut 8 Advances Capital Strategy with DIFC License

July 15, 2025, Hut 8 Corp.

Hut 8 Rebrands to Align External Positioning with Power-First, Platform-Driven Business Model

July 02, 2025, Hut 8 Corp.

Hut 8 Secures Five-Year Capacity Contracts with IESO for 310 MW of Power Generation Assets

June 30, 2025, Hut 8 Corp.

Hut 8 Energizes Vega Data Center

June 24, 2025, Hut 8 Corp.

Hut 8 Amends and Expands Bitcoin-Backed Credit Facility with Coinbase to $130 Million

May 12, 2025, Hut 8 Corp.

Hut 8 Subsidiary American Bitcoin Announces Go-Public Transaction

May 08, 2025, Hut 8 Corp.

Hut 8 Reports First Quarter 2025 Results

April 04, 2025, Hut 8 Corp.

Hut 8 Operations Update for March 2025

March 31, 2025, Hut 8 Corp.

Hut 8 and Eric Trump Launch American Bitcoin to Set a New Standard in Bitcoin Mining

March 06, 2025, Hut 8 Corp.

Hut 8 Operations Update for February 2025

March 03, 2025, Hut 8 Corp.

Hut 8 Reports Fourth Quarter and Full Year 2024 Results

February 04, 2025, Hut 8 Corp.

Hut 8 Operations Update for January 2025

January 07, 2025, Hut 8 Corp.

Hut 8 Operations Update for December 2024

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Hut 8 Head of IR Sue Ennis Q&A - Q3 Earnings, BITMAIN Deal, Highrise AI, HPC & Vega Updates!

Nov. 15, 2024 | 02:00PM EST | Power Mining Analysis

Key Highlights from Hut 8 Corp's Podcast

Strategic Financial Performance

- Hut 8, under CEO Asher Janute, has surpassed street estimates, showcasing robust earnings per share and revenue growth.

- This achievement highlights the company’s strong position in Bitcoin mining and AI innovation.

Innovations in Mining Technology

- Upgraded self-mining fleet to boost margins and operational efficiency.

- Reduced power costs strengthen Hut 8’s market position amidst industry volatility.

Expansion into Energy and AI Initiatives

- Announced a 430 MW AI initiative under exclusivity, enhancing credibility and positioning in high-performance computing.

- HighriseAI, an internal venture, integrates advanced Bitcoin mining within broader data center projects.

Strategic Infrastructure Development

- Vega site leverages liquid-to-chip cooling technology for efficiency and is a key element in Hut 8's AI and infrastructure strategy.

Confidentiality and Future Outlook

- A cautious communication strategy around AI developments reflects the complexity of deal finalization.

- Promising projects and analyst events hint at impactful future announcements.

Community Engagement and Shareholder Relations

- Emphasis on transparency and active feedback fosters strong community and shareholder support.

Hut 8's strategic initiatives in mining, AI, and cutting-edge technology highlight its leadership in innovation and pave the way for sustained growth in the evolving digital landscape.