Hut 8 Mining Corp.
Hut 8 Mining Corp., a leading player in the cryptocurrency mining industry, is headquartered in Canada and operates major facilities across North America. Founded in 2017, the company has rapidly established itself as a significant force in the digital asset sector, focusing on Bitcoin and cryptocurrency mining. Hut 8 is renowned for its robust infrastructure and commitment to operational excellence, utilising cutting-edge technology to optimise mining efficiency. The company distinguishes itself through its dual strategy of mining and holding Bitcoin, which positions it uniquely in the market. With a strong emphasis on sustainability and innovation, Hut 8 has achieved notable milestones, including becoming one of the largest publicly traded Bitcoin miners in North America. Its strategic approach and market presence underscore its commitment to leading the way in the evolving landscape of digital currencies.
DitchCarbon Score
How does Hut 8 Mining Corp.'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.
Industry Average
Mean score of companies in the Computer 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.
Industry Benchmark
Hut 8 Mining Corp.'s score of 25 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hut 8 Mining Corp.'s reported carbon emissions
Hut 8 Mining Corp., headquartered in Canada, currently does not have available data on its carbon emissions, as no specific emissions figures have been reported. Consequently, there are no defined reduction targets or climate commitments outlined in their initiatives. In the context of the cryptocurrency mining industry, companies are increasingly recognising the importance of addressing climate change and reducing carbon footprints. Hut 8 Mining Corp. may be expected to align with industry standards and best practices in the future, potentially adopting strategies to mitigate their environmental impact. As the industry evolves, stakeholders are likely to look for Hut 8's commitments to sustainability and carbon neutrality, which could include setting specific targets for emissions reductions across Scope 1, 2, and 3 emissions in line with global climate goals.
Industry emissions intensity
Location emissions intensity
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 Mining Corp. 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.
