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What’s behind the name “Hut 8”?

The name “Hut 8” refers to the building at Bletchley Park where Alan Turing created his world-changing Enigma decoding machine. His work saved millions of lives, transformed cryptography and laid the foundation for Blockchain.

About Hut 8 Mining Corp.

Hut 8 Mining is a cryptocurrency mining and Blockchain infrastructure company established through an exclusive partnership with Bitfury, one of the world’s leading Blockchain technology companies. Hut8 Mining currently owns bitcoin mining datacenters representing 24.2 MW and 165 PH/s that are in operation or under construction, with a pipeline of acquisition and development opportunities across North America. Hut 8 Mining is led by a team of industry experts to provide investors with exposure to Blockchain processing infrastructure and technology along with underlying cryptocurrency rewards and revenue from transaction fees.


About Bitfury Group

The Bitfury Group develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the Blockchain. The expertise of The Bitfury Group ensures successful, easy, fast, secure and cost-effective connectivity to the Blockchain. The Bitfury Group has offices in San Francisco, Washington D.C., Hong Kong, London and Amsterdam, and data center operations in Iceland and the Republic of Georgia.

“We believe the world is changing and we are
on the front lines of this groundbreaking evolution.”

Our Executive Team

Andrew Kiguel

Andrew joins Hut 8 from GMP Securities L.P., where he played an integral role for more than 18 years, including most recently as Managing Director, Investment Banking, as well as a key member of GMP’s Blockchain Investment Banking Group. He is a co-founder of Hut 8 and played a fundamental role in the formation, structure and financing of Hut 8.  Andrew has extensive experience in providing investment banking services to numerous public and private entities, including raising equity and debt capital in excess of C$3 billion over the last five years. He has also worked in an advisory role on numerous marquee M&A transactions.

Kyle Appleby


Since 2007, Kyle has been providing CFO services to a number of public and private companies both domestic and international. He has focused on assisting companies with financial reporting and controls, governance, operations, financing and regulatory compliance. Prior to 2007, Kyle worked for several public accounting firms in Canada. He is a member in good standing of the Chartered Professional Accountants of Canada and the Chartered Professional Accountants of Ontario.

Board of Directors

Bill Tai

Bill Tai is Chairman of Hut 8 Mining, and serves on the Board of BitFury, and Treasure Data where he is co-founder and Chairman. Trained as a semiconductor chip designer, he holds a BSEE with Honors from University of Illinois and an MBA from Harvard. Operationally, he founded data center company iAsiaWorks (IPO via Goldman Sachs & Morgan Stanley) and networking protocol company IPinfusion (Tokyo:4813) as Chairman. He has served as Board Director of 7 publicly listed companies that grew from startups he funded at their formative stages. He is a catalyst and Board Advisor to Airswap and Power Ledger in the crypto segment and was among the earliest backers of Canva, Color Genomics, Tweetdeck/Twitter, and  Zoom Video.

Michael Novogratz

CEO of Galaxy Investment Partners. He was formerly a principal and a member of the board of directors of Fortress Investment Group LLC and Chief Investment Officer of the Fortress Macro Fund. Mr. Novogratz joined Fortress in 2002 after spending 11 years at Goldman Sachs, where he was elected partner in 1998. Mr. Novogratz received an AB from Princeton University in Economics, and served as a helicopter pilot in the US Army.

Jeffrey Mason

20+ years’ experience in rapidly growing advanced mining environments as Corporate Secretary, Chief Financial Officer and Director for 20+ public mining companies with market capitalization of over $3 billion, covering projects in Canada, USA, Mexico, Colombia, RSA, and China. Holds a Bachelor of Commerce from the University of British Columbia and is a Chartered Accountant.

Valery Vavilov

Original founding member of Bitfury. Assumed the role of Bitfury CEO in 2011. Seasoned entrepreneur with an eye for market opportunity and over 15 years of experience in information technology and business management. Proven track record in building successful companies and high-performing teams. Prior to that, held numerous technology and business leadership positions at,, Allroll and Uzdevumi. MS Riga Transport & Telecommunication University.

Gerri Sinclair

Kensington Managing Director where she serves as a member of the firm’s Investment Committee for the venture capital funds. She has served on several government and corporate boards including Telus Corporation, BC Telecom, and Ballard Power. Gerri holds a Ph.D. in Renaissance Drama as well as an honorary Doctor of Science in Computing Science from the University of British Columbia.

Dennis Mills

Dennis Mills is the Chief Executive Officer of Toronto Partners Inc. Previously, Mr. Mills served as Vice Chairman and Chief Executive Officer of MI Developments Inc. which is one the largest shareholder and operator of thoroughbred racetracks in the United States of America. Mr. Mills served as a Member of Parliament in Canada’s federal parliament from 1988 to 2004. While a Member of Parliament, Mr. Mills was Parliamentary Secretary to the Minister of Industry from 1993 to 1996, the Parliamentary Secretary to the Minister of Consumer and Corporate Affairs from 1993 to 1995 and the Chair of the Committee studying the Industry of sport in Canada.

Leadership Thoughts:

The figures from our first offering reflect the market’s excitement for Hut 8. The proposed qualifying transaction is the kind of deal that, until now, has been largely inaccessible to investors. Through our public listing, and our exclusive relationship with Bitfury, we will soon deliver one of the largest cryptocurrency mining operations in North America. - Andrew Kiguel | Hut 8 Mining

Our Mission & Values

Our Mission

We provide cryptocurrency mining solutions to enhance blockchain development, while creating better technologies that benefit both our investors and the environment.

Our Vision

To make Hut 8 Mining the largest cryptocurrency mining company in the world through strong partnerships, innovation, and leadership.

Our Values

Trust, the pillar we stand on.
Respect for everyone.
Understanding and empathy.
Sustainable development.
Transparency in everything.

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the opportunity, our exclusive partnership with Bitfury Group, and the innovative “BlockBoxAC” containerized data centers.


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