Ditchcarbon
  • Customers
  1. Organizations
  2. Hut 8
Public Profile
Other Services
US
updated 10 days ago

Hut 8

Company website

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.

26

Industry Benchmark

Hut 8's score of 23 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.

33%

Let us know if this data was useful to you

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. Notably, there is no reported data for Scope 3 emissions. Hut 8 has not established specific reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi) or other climate pledges. As of the latest data, the company has not disclosed any significant reduction initiatives or achievements. The absence of reduction targets indicates that Hut 8 may be in the early stages of developing a comprehensive climate strategy. The company’s emissions data reflects its operational impact, and further commitments may be necessary to align with industry standards for climate action.

Industry emissions intensity

Very low
Low
Medium
High
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
High
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

Similar Organizations

IREN Limited

AU
•
Computer and related services (72)
Updated 4 days ago

Core Scientific, Inc.

US
•
Computer and related services (72)
Updated 13 days ago

BlockchainK2 Corp.

CA
•
Computer and related services (72)
Updated 13 days ago

TeraWulf Inc.

US
•
Computer and related services (72)
Updated 13 days ago

CryptoStar Corp.

CA
•
Computer and related services (72)
Updated 13 days ago

The9 Limited

CN
•
Computer and related services (72)
Updated 13 days ago

Where does DitchCarbon data come from?

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

Ditchcarbon
v250808.1
enquiries@ditchcarbon.com+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
Verified byUL Verified
Partnered withCDP
ProductPortalDataDocumentationIntegrationsChangelogPricing
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesMethodologyBlogFAQOrganizationsIndustriesSBTI APITrust Centre
AboutTeamCareersLicense AgreementPrivacy