Lobbying Information
Subject Matters
- Energy
- Small Business
- Taxation and Finance
Subject Matter Details
Legislative Proposal, Bill or Resolution, Policies or Program, Regulation
- Speaking with elected officials and government bureaucrats about bitcoin mining as it relates to taxation. Specifically, the Government of Canada proposed amendments to the Excise Tax Act, in February 2022, which will increase the cost of conducting digital asset mining operation in Canada (i.e. computer and IT technology, energy costs, professional and consulting fees) by five to fifteen percent (5% - 15%) significantly impacting our operations. Our primary focus, working with a coalition, has been to educate public officials and encourage consultation on a new and rapidly evolving industry so that they can effectively take cryptocurrency mining into consideration when prescribing tax policies.
Legislative Proposal, Bill or Resolution, Regulation
- We are supportive of Bill C-249 as it proposes to set up a framework to study the industry as a precursor to determining what, if any, regulation is required. Our work has been focused on educating officials and bureaucrats on the benefit of such a framework and the significance of the global cryptocurrency and digital asset mining climate.
Policies or Program, Regulation
- Speaking with elected officials and government bureaucrats about bitcoin mining as it relates to energy use. At this time, Hut 8 does not have specific policy aims related to energy use; rather, our primary focus has been to educate public officials and encourage further consultation on a new and rapidly evolving industry so that they can effectively take blockchain technologies into consideration when prescribing policies and maximize economic benefit to Canada.
Communication Techniques
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Written communication
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Oral communication
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Grass-roots communication
Government Institutions
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Bank of Canada
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Canada Revenue Agency (CRA)
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Canadian Energy Regulator (CER)
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Finance Canada (FIN)
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House of Commons
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Infrastructure Canada (INFC)
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Innovation, Science and Economic Development Canada (ISED)
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Senate of Canada
In-house Corporation Details
Description of activities
Hut 8 is a publicly-traded digital asset miner, with two sites located in Southern Alberta and a third site in North Bay, Ontario and has one of the highest capacity rates in the industry and one of the highest inventories of self-mined Bitcoin of companies globally. The company also has 36,000 square feet of data centre space and cloud capacity at five locations across Canada. We are revolutionizing this infrastructure to provide high performance computing infrastructure blockchain gaming, and Web 3.0.
Responsible officer name and position during the period of this registration
Jaime Leverton,
CEO
Government funding
No government funding was received during the last completed financial year.
In-house Corporation Contact Information
Address:
24 Duncan Street, suite 500
Toronto, ON M5V 2B8
Canada
Telephone number:
647-256-1992
Parent Company Information
Hut 8 Corp. is not a subsidiary of any other parent companies.
Subsidiary Beneficiary Information
Hut 8 Corp. does not have any subsidiaries that could have a direct interest in the outcome of the undertaking
Lobbyists Details
Senior Officers whose lobbying activities represent less than 20% of their Duties
No lobbyists added
Senior Officers and Employees whose lobbying activities represent 20% or more of their Duties
- Erin Dermer,
VP Marketing, Communications, Public Affairs |
No public offices held
- Jaime Leverton,
CEO |
No public offices held
