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Hut 8 Mining Corp
Symbol HUT
Shares Issued 169,590,061
Close 2022-03-01 C$ 7.76
Market Cap C$ 1,316,018,873
Recent Sedar Documents

Enthusiast Gaming forms partnership with Hut 8 Mining

2022-03-02 09:24 ET - News Release

See News Release (C-EGLX) Enthusiast Gaming Holdings Inc (2)

Mr. Adrian Montgomery of Enthusiast Gaming reports

ENTHUSIAST GAMING AND HUT 8 SIGN MULTI-YEAR STRATEGIC PARTNERSHIP

Enthusiast Gaming Holdings Inc. has formed a multiyear partnership with Hut 8 Mining Corp. The partnership marks the first time Hut 8 has come together with a gaming and e-sports organization, and Enthusiast Gaming's first partnership with a digital asset miner.

As ambitious leaders at the intersection of gaming and digital asset mining, Enthusiast Gaming and Hut 8 will collaborate on new experiences and content within mobile and blockchain gaming, Web 3.0, non-fungible tokens, and cryptocurrency.

Gaming, specifically blockchain gaming, is forecast to grow at a compound annual growth rate of 14.5 per cent through 2026, now that gamers are capable of and interested in owning their own digital assets.

To kick off the partnership, Enthusiast Gaming will release a significant update to its first-person shooter game EV.IO, featuring Hut 8 as a presenting sponsor. Hut 8 will also become a sponsor of Luminosity Gaming, the top e-sports organization on Twitch with a social following of more than 145 million globally.

The continuing partnership will see Hut 8 content integrated across Enthusiast Gaming's flywheel of communities, games and experiences. Hut 8 is also positioned to provide critical infrastructure support by hosting Enthusiast Gaming in its data centres, which are connected to electrical grids powered by significant renewables and emissions-free resources.

"As we consider new opportunities in Web 3.0, the metaverse, NFTs and cryptocurrency, we're proud to join a partnership that will really deliver for our creators, communities and fans, and to kick things off with Hut 8 by bringing our flywheel of opportunities to them, through our latest launch from Addicting Games, and as a partner on Luminosity Gaming," said Adrian Montgomery, chief executive officer of Enthusiast Gaming. "With one of the highest inventories of self-mined bitcoin of any publicly traded company globally, Hut 8 has established itself as an innovative leader by bridging digital asset mining with the traditional data centre industry, and is now serving both traditional high-performance applications and applications in the gaming and blockchain space."

"As a digital currency miner with data centre infrastructure, we're ideally positioned to join forces with one of North America's largest and fastest-growing gaming entertainment companies and generate the unique benefits of this strategic partnership," said Jaime Leverton, chief executive officer of Hut 8. "We're excited to host Enthusiast Gaming in our data centres and collaborate on new experiences and content that will connect us to their audience of 300 million Gen Z and millennial viewers, the majority of whom are crypto-savvy."

About Enthusiast Gaming Holdings Inc.

Enthusiast Gaming is an integrated gaming entertainment company, building the largest media platform for video game and e-sports fans to connect and engage worldwide. Combining the elements of its four core pillars -- media, talent, e-sports and experiences -- Enthusiast Gaming provides a unique opportunity and integrated approach to reach and connect with its coveted Gen Z and millennial audience. Through its proprietary mix of digital media and entertainment assets, Enthusiast Gaming has built a vast network of like-minded communities to deliver the ultimate fan experience.

About Hut 8 Mining Corp.

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, Ont., 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. 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 (environmental, social and governance) 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.

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