Company Directory - Hut 8 Corp
Company Details - Hut 8 Corp
Hut 8 Corp
WebsiteHut 8 Corp is an energy infrastructure operator and Bitcoin miner that provides services in self-mining, hosting, managed services, and traditional data center operations across North America. The company has multiple segments, including Power, Digital Infrastructure, Compute, and Other.
CCI Score
CCI Score: Hut 8 Corp
-55.39
0.03%
Latest Event
Launch of Trump-Backed American Bitcoin Venture
Hut 8 Corp announced plans for a pure-play bitcoin mining company, American Bitcoin, in partnership with Trump family figures Eric Trump and Donald Trump Jr. The move, which included transferring ASIC miners to the new entity and resulted in a 12% share price increase, signals a politically charged corporate initiative.
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QUISLING
Hut 8 Corp is currently rated as a Quisling.
Latest Events
- APR012025
Hut 8 Corp announced plans for a pure-play bitcoin mining company, American Bitcoin, in partnership with Trump family figures Eric Trump and Donald Trump Jr. The move, which included transferring ASIC miners to the new entity and resulted in a 12% share price increase, signals a politically charged corporate initiative.
-50
Executive Political Engagement
April 1
Hut 8 Corp's collaboration with prominent Trump family members, known for their association with far-right and authoritarian political networks, suggests an endorsement of politically charged, anti-democratic influences. This association raises concerns about the company contributing to the reinforcement of authoritarian narratives.
Hut 8 stock sees strong gains post Trump-backed American Bitcoin venture
- MAR312025
Hut 8 Corp unveiled American Bitcoin, a new mining division established with an 80% stake retained by Hut 8 and remaining equity allocated to Trump family investors, appointing Eric Trump as Chief Strategy Officer. This move signals a strategic alignment with politically controversial figures linked to far‐right authoritarian circles.
-70
Executive Political Engagement
April 1
By appointing Eric Trump—a member of a politically polarizing family associated with far‐right authoritarian ideologies—as Chief Strategy Officer, Hut 8 Corp demonstrates a clear willingness to align its executive leadership with controversial political figures. This partnership, especially in the context of leveraging significant mining assets for the new American Bitcoin initiative, raises concerns regarding the politicization of corporate decision-making in ways that may bolster authoritarian influence.
Hut 8 Partners with Trump Family on American Bitcoin Mining Initiative
- MAR312025
Hut 8 Corp announced a partnership with Eric Trump to launch American Bitcoin, a move that signals a controversial alignment with far‑right political figures. This event raises concerns about the company’s potential engagement with authoritarian influences, given Eric Trump’s prominence in right‑wing circles.
-70
Executive Political Engagement
April 1
Hut 8 Corp's decision to partner with Eric Trump, a figure closely associated with far‑right politics, reflects a concerning instance of executive political engagement that aligns the company with authoritarian ideologies. This association undermines progressive values and may contribute to the rise of political extremism.
Hut 8 and Eric Trump Launch American Bitcoin to Set a New Standard in Bitcoin Mining
- MAR312025
Hut 8 Corp has entered a merger with American Data Centers, owned by Eric Trump and Donald Trump Jr., to form American Bitcoin. In this venture, Hut 8 holds an 80% stake while the Trump family assumes key strategic roles, notably with Eric Trump taking on the role of Chief Strategy Officer. This association with prominent figures tied to far-right and authoritarian political networks raises concerns about the company’s political alignments.
-70
Executive Political Engagement
April 1
The strategic partnership with members of the Trump family, known for their links to far-right and authoritarian politics, signals a troubling level of executive political engagement. By integrating individuals with established controversial political profiles into key leadership roles, Hut 8 becomes complicit in endorsing and potentially amplifying authoritarian ideologies, which is concerning from a public and political behavior perspective.
- MAR312025
The Trump family, through their new venture American Bitcoin, acquired a 20% stake in Hut 8 Corp, with Eric Trump taking a strategic leadership role. This development marks their entry into the cryptocurrency mining sector and signals an increased intertwining of corporate activity with authoritarian political figures.
-60
Executive Political Engagement
April 1
Eric Trump's appointment and the Trump family's strategic investment in Hut 8 Corp reflect a politically charged move that aligns the company with pro-authoritarian figures. This development raises concerns about the potential influence of far-right political interests in shaping corporate policy and industry direction.
- APR042024
A shareholder derivative complaint filed in US District Court for the Southern District of New York alleges that Hut 8 Corp. executives and directors failed to disclose conflicts of interest regarding US Bitcoin Corp.'s merger and exaggerated the profitability of the King Mountain Joint Venture facility. This misconduct raises serious concerns about corporate transparency and ethical governance.
-50
Business Practices and Ethical Responsibility
April 1
The alleged failure to disclose conflicts of interest and the exaggeration of financial performance at a merged facility demonstrate unethical business practices that undermine transparency and accountability. Such actions can erode stakeholder trust and contribute to a broader culture of corporate misconduct, indirectly enabling environments where authoritarian and opaque decision-making can flourish.
Hut 8 Leaders Allegedly Hid Merger Conflicts, Exaggerated Profit
- FEB082024
A shareholder class action alleges that Hut 8 Corp.'s ex-CEO Jaime Leverton and CFO Shenif Visram failed to disclose conflicts and profitability issues related to a November 2023 merger with US Bitcoin Corp., raising serious questions about the firm's corporate transparency and ethical practices.
-50
Business Practices and Ethical Responsibility
April 1
The lawsuit alleges that senior executives did not disclose key conflicts and profitability issues during a significant merger. This breach in corporate transparency compromises ethical responsibility and undermines stakeholder trust, reflecting a serious lapse in responsible business practices.
Bitcoin Miner Hut 8, Ex-CEO Sued Over Alleged Merger Conflicts
- JAN182024
Hut 8 Corp experienced a sharp drop in its share price, falling over 23% on January 18, 2024, amid allegations of insider stock dumping. The incident raises concerns about corporate ethics and transparency.
-40
Business Practices and Ethical Responsibility
April 1
The allegations of insider stock dumping indicate potentially unethical business practices, compromising investor trust and fairness in market operations. Such corporate misconduct, even if not directly linked to political contributions, can contribute to a broader culture of corporate irresponsibility that undermines democratic accountability.
Hut 8 Corp. Share price plummets amid allegations of insider stock dumping
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