Tuesday, October 7, 2025

Hut 8 Mining Slowly Steps Into Esports Space Via Partnership With Enthusiast Gaming

Hut 8 Mining (TSX: HUT) is apparently looking to muddy its once-simple investment thesis. The firm this morning announced that it is semi-stepping into the esports and gaming space via an arrangement with that of Enthusiast Gaming (TSX: EGLX).

The agreement between the two firms appears to have been built around the use of Hut 8 Mining’s recently acquired data centre. Enthusiast’s operations going forward are to be hosted via Hut 8’s data centres. However, Hut 8 will also collaborate with Enthusiast on “new experiences and content” focused around NFTs, crypto, mobile and blockchain gaming, and Web 3.0.

Initially, in addition to the use of Hut 8’s data centres, the partnership will see Hut 8 become a presenting sponsor of Enthusiast’s first person shooter game EV.IO, as well as that of Luminosity Gaming. It’s not clear however why a crypto mining firm requires consumer awareness, or what benefit, specifically, it will provide to the firms operations.

Commenting on the partnership, Hut 8’s CEO Jamie Leverton stated, “As a digital currency miner with data centre infrastructure, we’re ideally positioned to join forces with one of North America’s largest and fastest growing gaming entertainment companies. [..] We’re excited to host Enthusiast Gaming in our data centres and collaborate on new experiences and content that will connect us to their audience of 300 million Gen Z and Millennial viewers, the majority of whom are crypto-savvy.”

Further specifics of the agreement were not provided, with the two firms simply revealing it is a “multi-year partnership.” Financial details were also not provided.

Hut 8 Mining last traded at $7.76 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Hut 8 Corp Loses Managed Service Capacity After Marathon Digital Site Purchase

Just two weeks after acquiring certain bitcoin mining sites in Texas and Nebraska, Marathon Digital...

Friday, February 2, 2024, 09:31:53 AM

Hut 8 Adds To Mining Capacity With Another Purchase From Foundry Digital

Hut 8 Mining (TSX: HUT) is purchasing further equipment from Foundry Digital yet again. The...

Tuesday, December 7, 2021, 08:32:15 AM

Hut 8 Mining Looks To Raise US$150 Million At $8.55 Per Share

Hut 8 Mining (TSX: HUT) this morning revealed the pricing of its public offering. Originally...

Wednesday, September 15, 2021, 08:13:14 AM

Hut 8: Canaccord Initiates Coverage With US$12 Price Target

On September 23, Canaccord initiated coverage on Hut 8 Mining (TSX: HUT) with a US$12...

Thursday, September 30, 2021, 11:39:00 AM

Bitcoin Miners Have Displayed Unusual Trading Patterns Versus Bitcoin Itself

Bitcoin has doubled over the last three months, surpassing its April 2021 high, and shows...

Thursday, October 21, 2021, 03:48:00 PM