Enthusiast Gaming and Hut 8 sign a multi-year strategic partnership

Hat 8 Mining Corp

Los Angeles and Toronto, March 4, 2022 (Reuters) /PRNewswire/

Hut 8 becomes a premium sponsor of EV.IO, a multiplayer game from Addicting Games, and Luminosity Gaming, the leading esports organization on Twitch

Gaming enthusiasts can take advantage of Hut 8’s data center infrastructure

Cheerful Gaming Holdings Inc. (NASDAQ: EGLX) (TSX: EGLX), (“Enthusiast Gaming”), an integrated gaming entertainment company, today announced a multi-year partnership with Hat 8 Mining Corp. (NASDAQ: HUT) (TSX: HUT) (“Hut 8”), one of the largest innovation-driven digital asset mining pioneers in North America, supporting open and decentralized systems since 2018. The partnership marks Hut 8’s first time partnering with a gaming and esports organization, and Enthusiast Gaming’s first partnership with a digital asset miner.

As emerging leaders at the intersection of gaming and digital asset mining, Enthusiast Gaming and Hut 8 will collaborate on new experiences and content in mobile and blockchain games, Web 3.0, NFTs and cryptocurrencies.

Games, especially blockchain games, are expected to grow at a CAGR of 14.5% through 2026 as gamers are now able and willing to own their own digital assets.

To kick off the partnership, Enthusiast Gaming will release a major update to its first-person shooter EV.IO, with Hut 8 as the main sponsor. Hut 8 will also become a sponsor of Luminosity Gaming, the leading esports organization on Twitch with over 145 million people worldwide.

As part of the ongoing partnership, content from Hut 8 will be integrated into Enthusiast Gaming’s communities, games and experiences. Hut 8 is also able to support critical infrastructure by hosting passionate games in its data centers connected to power grids powered by significant renewable and zero-emissions resources.

“As we envision new opportunities in Web 3.0, Metaverse, NFTs and cryptocurrencies, we are proud to join a partnership that truly brings value to our developers, communities and fans, and starting with Hut 8 by…bringing them our momentum of opportunity through our latest Addicting Games launch and as a partner of Luminosity Gaming,” said Adrian Montgomery, CEO of Enthusiast Gaming. “With one of the highest Bitcoin inventories of any publicly traded company in the world, Hut 8 has established itself as an innovative leader, merging digital asset mining with the traditional data center industry. and now serving traditional high-performance applications as well as gaming and blockchain applications.”

“As a digital currency miner with data center infrastructure, we are uniquely positioned to join forces with one of North America’s largest and fastest growing gaming entertainment companies and leverage the unique benefits of this strategic partnership,” said Jaime Leverton, CEO of Hut 8. “We look forward to hosting passionate games in our data centers and collaborating on new experiences and content that connects us to their audience of 300 million Gen Z and Millennials, most of whom are crypto savvy. .”

Sample Hut 8/EV.IO visuals can be found here.

Game enthusiast information

Enthusiast Gaming is an integrated gaming entertainment company that creates the largest multimedia platform for gaming and esports fans to connect and engage globally. By combining elements from its four main pillars of Media, Talent, Esports and Experiences, Enthusiast Gaming offers a unique opportunity and an integrated approach to reach and engage the desirable Gen Z and Millennial audience. Through its proprietary blend of digital media and entertainment, Enthusiast Gaming has built a vast network of like-minded communities to deliver the ultimate fan experience.

Hat Information 8

Hut 8 is one of the largest innovation-driven digital asset miners in North America. The company is led by a team of start-up technologists who are bullish on Bitcoin, Blockchain, Web 3.0 and bridging the emerging and traditional worlds of high performance computing. Hut 8 operates two digital asset mining locations in southern Alberta and a third location in North Bay, Ontario, all in Canada, has one of the highest capacity rates in the industry and one of the largest local bitcoin holdings of any crypto miner or listed company in the world. With 36,000 square feet of geodiverse data center space and cloud capability, powered largely by renewable and zero-emissions resources, Hut 8 is revolutionizing conventional facilities to create the first hybrid data center model that combines both traditional high-performance computing (Web 2.0) and serving the emerging sectors of digital asset computing, blockchain gaming and Web 3.0. Hut 8 became the first Canadian digital asset miner to be included in the Nasdaq Global Select Composite Index and is the first blockchain company to be included in the S&P/TSX Composite Index in 2021. Hut 8’s business rely on decentralized systems, manage powerful cutting-edge solutions, and are innovators in digital asset mining and high-performance computing with a focus on ESG alignment. With innovation, imagination and passion, Hut 8 helps define the digital asset revolution to create value and positive impact for its shareholders and future generations.

This press release contains certain information that may constitute “forward-looking information” under applicable Canadian securities laws. Any statements, other than statements of historical facts, regarding activities, events, results, developments, performances or achievements that Enthusiast Gaming believes or expects will occur or will occur (in whole or in part) in the future should be considered forward-looking information Often, but not always, forward-looking information is indicated by the use of words such as “plans”, “expects”, “expects”. “, “budgeted”, “intended”, “estimates”, “plans”, “intends”, “anticipates” or “believes” or variations (including negative variations) of these words and expressions, or statements, to be made in the future are made or indicate that certain actions, events or results “may”, “could”, “might”, “could” or “will” (or other variations of the above) , occur, be achieved or will occur. Forward-looking statements in this press release include, but are not limited to, Enthusiast Gaming and Hut management’s expectations, expertise, projections, estimates, or descriptions of future events or circumstances. 8, proposed partnership activities, including brand activations, ability to generate the unique benefits of this partnership, capacity, new experiences and content in mobile and blockchain games, Web 3.0, NFTs and cryptocurrency, enhancements and features of game titles published by Enthusiast Gaming and the provision of Hut 8’s data center infrastructure, Hut 8’s ability to engage with the Enthusiast Gaming audience, consisting of 300 million Gen Z and Millennial viewers, Hut 8’s ability to continue to innovate and lead in the digital asset mining and data center industries will capabilities, and Hut 8’s ability to continue to serve traditional high-performance applications as well as gaming and blockchain applications.

Forward-looking statements are based on assumptions and analyzes made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, including, but not limited to, expectations and assumptions regarding: interest and foreign exchange rates; capital efficiency, cost savings and synergies; growth and growth rate; success in the esports and gaming media industry; the company’s growth plan and judgments in applying the company’s accounting policies and in preparing financial statements in accordance with applicable accounting standards. Although Enthusiast Gaming believes these assumptions to be reasonable based on currently available information, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, but not limited to, risks relating to general economic conditions, adverse industry events and future legislative, tax and regulatory developments. The reader is warned that the above list is not exhaustive. Please refer to Enthusiast Gaming’s public filings, which are available on SEDAR at www.sedar.com, for additional information regarding risks, uncertainties and assumptions that could cause anticipated opportunities and results to differ materially. real. Readers are also cautioned not to rely on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will materialize. This information, although considered reasonable by management at the time it was prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect our expectations as of the date of this press release and are therefore subject to change thereafter. Enthusiast Gaming disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

contacts:

Enthusiast Gaming Investor Relations: Eric Bernofsky, Managing Director, investor@enthusiastgaming.com; Media Relations for Gaming Enthusiasts: Derek Holota, Provident Communications, derek@providentcomms.com, 343-422-5606; Hut 8 Investor Relations, Sue Ennis, sue@hut8mining.com; Hut 8 Media Relations: Dea Masotti Payne, North Strategic, dea.masottipayne@northstrategic.com
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Original content by: Hut 8 Mining Corp, transmitted by news aktuell

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