About Hut 8 Mining
Hut 8 Mining is a company based in Toronto (Canada) founded in 2011.. Hut 8 Mining offers products and services including Hosting, Repair Center, and Managed Services. Hut 8 Mining operates in a competitive market with competitors including Cipher Mining, Botanix Labs, Solayer, Stride Labs and Omega Network, among others.
- Headquarter Toronto, Canada
- Stage Public
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hut 8 Corp
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Fidelity Investments
& 1 more
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Employee Count
Employee Count
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Products & Services of Hut 8 Mining
Hut 8 Mining offers a comprehensive portfolio of products and services, including Hosting, Repair Center, and Managed Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides setup for bitcoin mining with real-time monitoring and maintenance.
Services Whatsminers and other mining equipment in a certified facility.
Offers managed infrastructure with advanced technology and operating standards.
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Funding Insights of Hut 8 Mining
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(20 Dec 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Post-IPO - Hut 8 Mining | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Hut 8 Mining | Valuation |
investors |
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| Jun, 2020 | Amount | Post-IPO - Hut 8 Mining | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hut 8 Mining
Hut 8 Mining has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Fidelity Investments and Almanack. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Wealth management and advisory services are provided by Almanack.
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Founded Year | Domain | Location | |
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hut 8 Mining
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hut 8 Mining
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hut 8 Mining Comparisons
Competitors of Hut 8 Mining
Hut 8 Mining operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cipher Mining, Botanix Labs, Solayer, Stride Labs and Omega Network, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mining infrastructure for cryptocurrencies and Bitcoin
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| domain | founded_year | HQ Location |
Builds Bitcoin Layer 2 for DeFi, staking, and EVM-compatible applications.
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| domain | founded_year | HQ Location |
Decentralized network security is provided through Solana restaking.
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| domain | founded_year | HQ Location |
Liquidity is provided for staked assets on multiple Cosmos chains.
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| domain | founded_year | HQ Location |
Digital currency platform that facilitates the creation, transfer, and storage of digital assets
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hut 8 Mining
Frequently Asked Questions about Hut 8 Mining
When was Hut 8 Mining founded?
Hut 8 Mining was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Hut 8 Mining located?
Hut 8 Mining is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Hut 8 Mining do?
Hut 8 Mining was founded in 2011 in Toronto, Canada, and operates within the digital asset mining and high-performance computing sectors. Access to proprietary hardware, software, and operational expertise is enabled for constructing, optimizing, and managing data centers across various jurisdictions. White-label high-performance compute hosting is offered, alongside yield and income programs tailored for individual users.
Who are the top competitors of Hut 8 Mining?
Hut 8 Mining's top competitors include Solayer, Cipher Mining and BounceBit.
What products or services does Hut 8 Mining offer?
Hut 8 Mining offers Hosting, Repair Center, and Managed Services.
Who are Hut 8 Mining's investors?
Hut 8 Mining has 2 investors. Key investors include Fidelity Investments, and Almanack.
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