Toronto (ots/PRNewswire) – This appointment further strengthens Hut 8’s world-class leadership team with expertise in corporate governance, capital markets and mergers and acquisitions
Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (“Hut 8″ or “the Company”), one of North America’s largest innovation-driven digital asset mining pioneers supporting open and decentralized systems since 2018, is pleased to announce the appointment of Aniss Amdiss as the Company’s Chief Legal Officer, effective July 11, 2022. Based in Toronto, Aniss will lead Hut 8’s legal and governance functions and serve as Corporate Secretary, reporting to Chief Executive Officer Jaime Leverton.
“Aniss will be an excellent addition to Hut 8’s experienced, dynamic leadership team,” said Jaime Leverton, Chief Executive Officer of Hut 8. “Aniss’ vast experience and leadership skills will ensure that Hut 8 continues to operate with integrity and transparency while consistently improving our governance and compliance processes, which will truly set us apart in an emerging, fast-paced industry
Aniss brings extensive legal expertise to Hut 8, including significant experience in securities law matters, leading acquisitions and other corporate transactions, and advising on corporate governance best practices. Prior to joining Hut 8, he served as Vice President, Legal, General Counsel and Corporate Secretary at Greenbrook TMS Inc, a TSX and Nasdaq listed healthcare services company.
“The opportunity to join a relatively new and incredibly exciting industry attracted me to Hat 8, and I can’t wait to join such a high performing leadership team,” said Aniss. “I look forward to using my experience at a growth company operating in a highly regulated industry to make a significant contribution to Hut 8’s success in executing its strategy and growing as a leader in digital asset mining and high-performance computing.”
About Hut 8
Hut 8 is one of North America’s largest innovation-driven digital asset miners. The company is led by a team of business-building technologists who are optimistic about Bitcoin, Blockchain, Web 3.0, and bridging the emerging and traditional high-performance computing worlds. Hut 8 operates two digital asset mining sites in southern Alberta and a third site in North Bay, Ontario, all in Canada, has one of the highest capacity rates in the industry and one of the highest inventories of home-mined Bitcoin among any crypto miner or publicly traded company in the world. With 36,000 square feet of geodiverse data center space and cloud capacity powered significantly by renewable and zero-emissions resources, Hut 8 is revolutionizing conventional facilities to create the first hybrid data center model that serves both traditional high-performance computing (Web 2.0) and the emerging digital asset computing, blockchain gaming, and Web 3.0 sectors. Hut 8 was the first Canadian digital asset miner to be included in the Nasdaq Global Select Composite Index and is the first blockchain company to be included in the S&P/TSX Composite Index in 2021. With innovation, imagination and passion, Hut 8 is helping define the digital asset revolution to create value and positive impact for its shareholders and future generations.
Cautionary Note Regarding Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of the respective Canadian securities laws and U.S. securities laws (collectively, “forward-looking information”). All information contained in this press release, other than statements of historical fact, that relates to activities, events or developments that the Company expects or anticipates will or may occur in the future, including such matters as future business strategy, competitive strength, goals, expansion and growth of the Company’s business, operations, plans and other such matters, is forward-looking information. Forward-looking information is often identified by words such as “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “allow,” “believe”, “estimate,” “expect,” “predict,” “may,” “could,” “potential,” “predict,” “is designed to,” “likely” or similar expressions are identified. In addition, all statements in this press release that relate to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among other things, statements regarding: the Company’s growing and diverse leadership team; the Company’s ability to retain and recruit ambitious and experienced leaders; the Company’s ability to continue to operate with integrity and transparency; the Company’s ability to consistently improve its governance and compliance processes; and the Company’s ability to continue to successfully execute its strategy and grow as a leader in digital asset mining and high-performance computing.
Statements containing forward-looking information are not historical facts, but rather represent management’s expectations, estimates and projections regarding future events based on certain key factors and assumptions at the time the statement is made. These statements are believed by Hut 8 to be reasonable as of the date of this press release, but are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These include, but are not limited to, security and cybersecurity threats and hacks, malicious actors or botnets gaining control of processing power on the Bitcoin or Ethereum network, further development and acceptance of Bitcoin and Ethereum networks, changes to Bitcoin or Ethereum mining difficulties, loss or destruction of private keys, increase in fees for recording transactions in the blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third-party mining pool services, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to cryptocurrency exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining banking services from insurance companies, permits and licenses, internet and power outages, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of cryptocurrency, the failure, predict technological innovation, the COVID19 pandemic, climate change, currency risk, credit risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system disruption, changes in leasing arrangements, and other risks associated with the cryptocurrency and data center businesses. For a complete list of factors that could impact the Company, see the “Risk Factors” section of the Company’s Annual Information Form dated March 17, 2022 and Hut 8’s other continuous disclosure documents available at www.sedar.com.
These factors are not an exhaustive list of factors that could affect Hut 8; however, they should be carefully considered. There can be no assurance that these estimates and assumptions will prove to be accurate. If one or more of these risks or uncertainties materialize, or if the assumptions underlying any forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, targeted, proposed, estimated, projected, expected, anticipated or sought. The effect of any assumption, risk, uncertainty or other factor on any particular forward-looking statement cannot be determined with certainty because they are interdependent and Hut 8’s future decisions and actions will depend on management’s evaluation of all information at the relevant time. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter any statements containing forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
Hut 8-Investor Care Sue Ennis, [email protected]; Hut 8 Media Relations: Erin Dermer, [email protected]
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