Hut 8 Mining - About the company
Hut 8 Mining is a public company based in Toronto (Canada), founded in 2011 by Andrew Kiguel. It operates as a Digital asset mining and performance computing solutions for individuals. Hut 8 Mining has raised an undisclosed amount in funding. The company has 187 active competitors, including 21 funded and 12 that have exited. Its top competitors include companies like Cipher Mining, Solayer and Re7 Capital.
Company Details
Digital asset mining and performance computing solutions for individuals. It enables users to access a proprietary mix of hardware, software, and operational expertise to construct, optimize and manage data centers in jurisdictions. It offers white-label high-performance compute hosting, as well as yield & income programs for users.
- Website
- hut8mining.com
- Social
- Email ID
- *****@hut8mining.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2011
Location
Toronto, Canada
Stage
Public
Latest Funding Round
Investors
Ranked
7th among 187 active competitors
Employee Count
307 as on May 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public
Hut 8 Mining's IPO details
Hut 8 Mining got listed on Oct 20, 2016.
Click here to take a look at Hut 8 Mining's IPO in detail
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Hut 8 Mining's funding and investors
Hut 8 Mining has raised funding over 5 rounds. Its first funding round was on Dec 20, 2017. Its latest funding round was a Post IPO round on Jan 02, 2022 for $*****. 1 investor participated in its latest round. Hut 8 Mining has 9 institutional investors.
Here is the list of recent funding rounds of Hut 8 Mining:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 02, 2022 | 6137342 | Post IPO | 6384296 | 3900007 | 1320830 | 4921967 |
Jan 11, 2021 | 8717307 | Post IPO | 4023048 | 1686663 | 4287558 | 4050210 |
Jun 23, 2020 | 1990158 | Post IPO | 3336900 | 8266742 | 7086761 |
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Hut 8 Mining's founders and board of directors
Founder? Claim ProfileThe founders of Hut 8 Mining is Andrew Kiguel.
Here are the details of Hut 8 Mining's key team members:
- Andrew Kiguel: Co-Founder & CEO of Hut 8 Mining.
View details of Hut 8 Mining's Founder profiles and Board Members
Hut 8 Mining's employee count trend
Hut 8 Mining has 307 employees as of May 26. Here is Hut 8 Mining's employee count trend over the years:
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Hut 8 Mining's Competitors and alternates
Top competitors of Hut 8 Mining include Cipher Mining, Solayer and Re7 Capital. Here is the list of Top 10 competitors of Hut 8 Mining, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Cipher Mining 2017, New York City (United States), Public | Mining infrastructure for cryptocurrencies and Bitcoin | - | 57/100 | |
2nd |  Solayer 2024, Zug (Switzerland), Seed | Offering decentralized network security solutions | $12M | 56/100 | |
3rd |  Re7 Capital 2021, United Kingdom, Unfunded | Platform providing strategic liquidity into DeFi | - | - | 55/100 |
4th | Mining solutions for cryptocurrencies | - | - | 54/100 | |
5th |  Tensorplex 2023, Delaware City (United States), Seed | Blockchain infrastructure platform for application development | $3M | 53/100 | |
6th | Provider of CeDFi staking platform | $6M | 51/100 | ||
7th |  Hut 8 Mining 2011, Toronto (Canada), Public | Digital asset mining and performance computing solutions for individuals | - | 51/100 | |
8th |  Braiins 2011, Prague (Czech Republic), Unfunded | Bitcoin mining platform offering solutions including ASIC autotuning firmware and farm management | - | - | 52/100 |
9th |  Bluesky Digital Assets 2006, Toronto (Canada), Public | AI-driven hardware mining solution for cryptocurrencies | - | 48/100 | |
10th | Satoshi Energy 2018, San Francisco (United States), Series A | Online mining solutions for cryptocurrency | $3.95M | 47/100 |
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Hut 8 Mining's Investments and acquisitions
Hut 8 Mining has a total of 1 investment in PREDINA. Hut 8 Mining has not made any acquisitions as of now.Reports related to Hut 8 Mining
Here is the latest report on Hut 8 Mining's sector:
News related to Hut 8 Mining
Filter this list•
Hut 8 Reports $331M Net Income in 2024 While Expanding AI InfrastructureCoinDesk•Mar 03, 2025•Hut 8 Mining
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Cryptominer Riot Platforms changes board, focuses on AI/HPC pivotDCD•Feb 15, 2025•Riot Platforms, Facebook, Microsoft, Hut 8 Mining and 6 others
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Hut8 Announces the Effectiveness of its Form S-4 Registration Statement in connection with its Merger with US Bitcoin Corp.GlobeNewswire•Nov 10, 2023•Hut 8 Mining, US BTC, hut8 consulting
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Bitcoin Miner Hut 8 Secures Up to $50M in Loans From CoinbaseCoinDesk•Jun 26, 2023•Hut 8 Mining, Coinbase, hut8 consulting
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Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties BiteCoinDesk•May 11, 2023•Hut 8 Mining
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Hut 8 Reports Major Equipment Failures At Drumheller FacilityThe Deep Dive•May 09, 2023•Hut 8 Mining
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Hut 8 provides update on combined activities with USBTCPR Newswire•Mar 14, 2023•hut8 consulting, US BTC, Hut 8 Mining
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