Public Profile

Hut 8

Hut 8 Mining Corp, commonly referred to as Hut 8, is a leading cryptocurrency mining company headquartered in the United States. Established in 2017, Hut 8 has rapidly positioned itself as a key player in the blockchain industry, with significant operations in Canada, where it operates some of the largest mining facilities in North America. Specialising in Bitcoin and cryptocurrency mining, Hut 8 distinguishes itself through its commitment to operational efficiency and sustainable energy practices. The company has achieved notable milestones, including being one of the first publicly traded Bitcoin miners in Canada. With a robust portfolio of mining rigs and a focus on innovative technology, Hut 8 continues to solidify its market position, making it a prominent name in the evolving landscape of digital currencies.

DitchCarbon Score

How does Hut 8's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

23

Industry Average

Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

25

Industry Benchmark

Hut 8's score of 23 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.

66%

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Hut 8's reported carbon emissions

In 2022, Hut 8, headquartered in the US, reported total carbon emissions of approximately 416,085,000 kg CO2e. This figure includes 186,000 kg CO2e from Scope 1 emissions and a significant 415,899,000 kg CO2e from Scope 2 emissions. Currently, there are no disclosed Scope 3 emissions. Hut 8 has not set specific reduction targets or initiatives as part of their climate commitments. However, the company is actively engaged in monitoring and reporting its emissions, which is a crucial step towards enhancing transparency and accountability in their environmental impact. As the industry increasingly prioritises sustainability, Hut 8's ongoing efforts to track emissions will be essential for aligning with future climate goals.

Industry emissions intensity

Very low
Low
Medium
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Very high
Some industries are more carbon intensive than others. Hut 8's primary industry is Other services (93), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
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Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hut 8 is in US, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Hut 8 is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers