TORONTO, May 28, 2021 / CNW / – Hut 8 Mining Corp. (TSX: HUT) (“Hut 8” or the “Company”), one of North America The oldest and greatest innovation-driven pioneers in digital asset mining are pleased to announce their latest hosting partnership with Enterprise Blockchain’s transaction processor, TAAL Distributed Information Technologies Inc. (CSE: TAAL).
Hut 8 will provide physical hosting and optimization services as well as access to competitive electrical power for 960 newly purchased TAAL digital hashing computers. Hut 8 will also work with TAAL to make the existing fleet more efficient. As part of this agreement, TAAL will have 960 hashing computers with a 3.2 MW Hut 8 output.
Hut 8’s hosting and optimization services include equipment procurement and logistics management, white-gloved installation, a dedicated Client Success Manager (CSM), and physical security and technical operations teams deployed 24/7 at each location .
“At Hut 8, we are focused on diversifying our revenue-generating business model and creating catalysts for growth.” said the CEO of Hut 8, Jaime Leverton. “Strengthening our existing Hosting Services business with strategic partners is a focus of growth for the company as more institutional players expand their investments in mining digital assets. We strive to offer our partners a world-class North American market. Based option for their hosting Needs. “
TAAL works exclusively with the BitcoinSV blockchain to support the business with processing blockchain transactions. With this new hosting partnership, TAAL expects a hash rate of at least 450 PH / s, well ahead of the stated goals of winning at least 30 BitcoinSV blocks per day, which are attributed to TAAL.
“We are very excited to be working with Hut 8 as we both share a commitment to excellence and have aligned the core values of limiting our impact on the environment,” commented Stefan Matthews, TAAL Executive Chairman and Chief Executive Officer.
TAAL Distributed Information Technologies Inc. provides value-added blockchain services and offers professional, highly scalable blockchain infrastructure and transaction platforms to help companies create solutions and applications on the BitcoinSV platform as well as develop, operate and manage distributed computer systems support for corporate users.
Visit LANGUAGE online at www.taal.com
About hut 8:
Hut 8 is one of North America oldest, largest and innovation-oriented Bitcoin miners. Hut 8 has one of the highest installed capacity rates in the industry and is number 1 worldwide for self-held Bitcoin products of all crypto miners or listed companies. Recently ranked 11th (out of 10,000) on the OTCQX® Best 50 of 2021 and the first publicly traded miner on the TSX, the Hut 8 leadership team is continuously looking for ways to innovate in high performance computing and the blockchain ecosystem accelerate. We are administrators of high-performance, industry-leading solutions and innovation drivers in the field of digital asset mining and high performance computing. – Hut 8 applies a growth philosophy to our revenue diversification, ESG and carbon footprint strategy. We are a company dedicated to increasing shareholder value regardless of the #BTC market direction. #HodltheHut.
SOURCE Hut 8 Mining Corp.
For further information: Media contact: Hut 8, Dea Masotti Payne, T. 204-583-1695, E. [email protected]