Hut 8 Corp..
HUT.US | Support activities for other mining and quarrying
Hut 8 Corp. is a digital asset mining company focused on Bitcoin mining. The company operates large-scale data centers that house specialized computer equipment used to solve complex algorithms and validate transactions on the Bitcoin blockchain. Hut 8 generates revenue primarily through the success...Show More
Better Health for All
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No evidence available to assess Hut 8 Corp. on Better Health for All.
Fair Money & Economic Opportunity
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Hut 8 Corp. is a digital asset mining company and does not offer lending, deposit, or other financial services to consumers. Therefore, all KPIs related to consumer financial products, pricing, fees, customer data, fair lending, and debt burden are not applicable. While the company's data center projects are expected to create jobs with average annual salaries over $100,000 and generate significant property tax revenue for local communities, these are indirect economic benefits and do not constitute direct impacts on customer credit scores, savings, or financial literacy programs as defined by the rubric's specific metrics for financial service providers.
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The company's reinvestment of profits into its data center development and the resulting tax revenues are not classified as reinvestment in community finance or profit-sharing with underserved communities under this rubric.
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Fair Pay & Worker Respect
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No specific, quantitative evidence was found in the provided articles to assess Hut 8 Corp. against any of the Key Performance Indicators for Fair Pay & Worker Respect. While a merger agreement outlines plans to maintain comparable employee benefits for existing staff post-merger, and the company states it considers employee relations to be good and hires part-time/temporary employees, there are no concrete figures for living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rates, pay equity, worker engagement scores, turnover rates, labor violation incidents, insecure contract share, or health insurance coverage percentages.
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The documented regulatory actions relate to securities law violations, not labor-law or human-rights violations.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Hut 8 Corp. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No evidence available to assess Hut 8 Corp. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess Hut 8 Corp. on Kind to Animals.
No War, No Weapons
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No evidence available to assess Hut 8 Corp. on No War, No Weapons.
Planet-Friendly Business
-20
Hut 8 Corp. states that no materials are sent to landfills, indicating a 100% waste diversion rate.
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The company aims for carbon neutrality by 2025.
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In 2022, Hut 8's total carbon emissions were approximately 416,085 tCO2e, comprising 186 tCO2e from Scope 1 and 415,899 tCO2e from Scope 2, with no Scope 3 emissions data reported.
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The company generated 7,500 metric tonnes of CO2e in carbon credits in 2023 and 5,200 metric tonnes in 2022.
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These carbon credits were verified by AET Group and approved by the Canadian Standards Association.
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Based on 2022 emissions, these offsets cover approximately 1.25% of total reported emissions.
Respect for Cultures & Communities
-30
Hut 8 Corp. has established a dedicated email address for community questions and concerns regarding its proposed data center in Logan County, Illinois.
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This represents a community-specific grievance mechanism for one of its 19 operational sites, which is approximately 5.26% coverage.
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Logan County residents are actively raising questions and concerns about the proposed data center, indicating a challenge to the company's social license to operate in that community.
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A petition against the proposed data center has gathered 1,040 signatures, and the proposed rezoning case for the data center is still under consideration, with potential votes on a conditional use permit in April.
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Safe & Smart Tech
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No relevant data was found in the provided articles to assess Hut 8 Corp. against the 'Safe & Smart Tech' ethical value. All article links resulted in 404 errors or contained no information pertinent to the company's data protection, cybersecurity, or AI ethics practices.
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Zero Waste & Sustainable Products
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No evidence available to assess Hut 8 Corp. on Zero Waste & Sustainable Products.