Hut 8 Mining Corp. Sustainability Profile
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 lower than 59% 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., headquartered in Canada, currently does not have publicly available carbon emissions data for the most recent year. As a merged entity, Hut 8 Mining Corp. inherits its climate commitments and initiatives from its corporate family, but specific emissions figures are not disclosed. The company has not set any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific targets indicates that Hut 8 Mining Corp. may still be in the early stages of formalising its climate strategy. As part of its commitment to sustainability, Hut 8 Mining Corp. is expected to align with industry standards and best practices in addressing climate change, although specific initiatives or performance metrics have not been detailed. The absence of emissions data and reduction targets suggests a need for further transparency and action in their climate commitments.
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| 2021 | |
|---|---|
| Scope 1 | 29,000 |
| Scope 2 | 436,889,000 |
| Scope 3 | - |
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Hut 8 Mining Corp.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hut 8 Mining Corp. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
