
Hut 8 advances capital strategy with DIFC license
The DIFC license represents a structural expansion of Hut 8's capital strategy, enhancing the Company's ability to deploy Bitcoin held in reserve into structured derivatives strategies. The license is expected to broaden access to institutional counterparties, reduce trading friction, and lower transaction costs. In fiscal year 2024, Hut 8 generated more than $20 million in net proceeds from covered call options premiums on Bitcoin held in reserve. Through its presence in the DIFC, Hut 8 expects to unlock multiple advantages that support continued expansion of its active treasury management program, including:
Direct access to global derivatives markets: Enables Hut 8 to trade directly on institutional exchanges, reducing reliance on OTC intermediaries that historically introduced cost friction relative to spot pricing
Broader access to institutional-grade products and counterparties: Unlocks a wider set of global liquidity providers and instruments, enhancing strategic optionality
Greater flexibility in structured strategy design and execution: Allows Hut 8 to construct and manage advanced yield strategies that would more difficult to execute without a DIFC license
Supportive regulatory environment within a common law framework: Dubai offers an established legal and regulatory foundation for institutional digital asset activity, supporting enhanced enforceability, compliance certainty, and jurisdictional alignment
'We believe that securing a DIFC license enhances our ability to drive outsized shareholder returns through our integrated capital strategy,' said Asher Genoot, CEO of Hut 8. 'It allows us to execute directly on global derivatives markets, reduce trading costs, and access a broader range of institutional products. Within a regulatory environment that supports structured digital asset strategies, we believe we can manage Bitcoin held in reserve more efficiently, manage risk with greater precision, and optimize yield through disciplined, proactive management.'
About Hut 8
Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.
About Dubai International Financial Centre
Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres and a leading financial hub for the Middle East, Africa, and South Asia (MEASA). With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework. The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive AI, FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.For further information, please visit our website: difc.ae or follow us on LinkedIn and X at @DIFC.
Cautionary Note Regarding Forward–Looking Information
This press release includes 'forward-looking information' and 'forward-looking statements' within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, 'forward-looking information'). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company's use of its DIFC license to expand its capital strategy, enhance the Company's ability to deploy Bitcoin held in reserve, broaden access to institutional counterparties, reduce trading friction, lower transaction costs, and unlock other advantages to support the expansion of the Company's active treasury management program; the impact of the DIFC's regulatory framework; the ability of the Company to drive outsized shareholder returns; and other such matters is forward-looking information. Forward-looking information is often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'allow', 'believe', 'estimate', 'expect', 'predict', 'can', 'might', 'potential', 'predict', 'is designed to', 'likely,' or similar expressions.
Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company's filings with the U.S. Securities and Exchange Commission. In particular, see the Company's recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company's EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


TECHx
5 hours ago
- TECHx
Space42 Partners with Microsoft, Esri on Africa Maps
Home » Tech Value Chain » Global Brands » Space42 Partners with Microsoft, Esri on Africa Maps UAE-based SpaceTech company Space42 (ADX: SPACE42), part of the G42 Group, has announced a strategic partnership with Microsoft and Esri. The collaboration was formalized through a Memorandum of Understanding (MoU) signed during Esri's 2025 User Conference. The initiative, called the 'Map Africa Initiative,' aims to deliver high-resolution, scalable base maps for all 54 African countries. It will serve over 1.4 billion people, creating the most comprehensive base map of the continent to date. The five-year project is expected to address gaps in infrastructure, investment, and data availability across Africa. The updated mapping system will help drive economic development by improving access to intelligent geospatial solutions. These solutions will support governments, businesses, and communities in both Africa and the UAE. Space42 will lead fundraising and project management, leveraging its satellite data and AI-powered Digital Twin models to create dynamic, use-specific maps. Esri will provide its remote sensing and GeoAI capabilities, while Microsoft will supply secure cloud infrastructure and an AI framework via Azure. • The initiative supports national mapping agencies with accurate, updatable data. • It also aims to create a new commercial ecosystem for African startups. The project is expected to enhance strategic sectors such as logistics, renewable energy, disaster response, and smart city planning. Data will be stored in Microsoft and G42-managed centers across Africa. Space42 CEO Hasan Al Hosani emphasized that the partnership aligns with the UAE's collaborative and innovation-driven approach. He noted that accurate mapping is essential for growth and inclusive innovation. Esri President Jack Dangermond said the initiative builds on proven geospatial workflows and will enable sustainable development across the continent. The MoU deepens Space42's partnerships with Microsoft and Esri, while expanding its presence and commercial opportunities in Africa. It also reflects Space42's role as a trusted provider of large-scale geospatial solutions for governments. G42 CEO Peng Xiao stated that the partnership reflects a shared commitment to using AI as a force for good. He said the project will help transform data into development and intelligence into impact. The initiative also aligns with the UAE's broader global investment and innovation agenda. The UAE was Africa's largest foreign investor in 2024, deploying $44 billion. Space42 plays a key role in advancing this agenda through SpaceTech and AI. The mapping initiative supports long-term goals of smart land use, modern infrastructure, and digital economies across the continent. It also strengthens diplomatic and commercial ties between the UAE and Africa.


Campaign ME
7 hours ago
- Campaign ME
Multiply Group's media and comms vertical sees EBIDTA rise 60% YoY in Q2 2025
Abu Dhabi Securities Exchange (ADX)-listed Multiply Group, a leading Abu Dhabi-based investment holding firm, has revealed the financial results of its media and communications vertical, which includes Multiply Media Group and Viola Communications, for the second quarter (Q2) of 2025. This media and communications vertical delivered strong performance in Q2 2025, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) up 60 per cent year-on-year. Growth was reportedly driven by favourable market dynamics and the success of a powerhouse strategy, which unlocked value across both static and digital signage. The second quarter of 2025 also marked the official launch of Multiply Media Group (MMG), uniting BackLite Media, Viola Media, Media 247 and Purple Printing to create a new UAE-based market-leading media company. MMG has also expanded its footprint in the UK, through its long‑term partnership agreement with Wildstone, securing exclusive rights to operate high‑impact digital out-of-home (DOOH) sites across central London. In a key leadership move in 2025, Viola Communications also appointed industry veteran Piero Poli as CEO to accelerate AI‑led innovation and drive regional expansion. With more than 25 years of experience across media, digital transformation, and data strategy, Poli brings a global perspective and a sharp focus on what's next. His mandate at Viola Communications includes: scale impact, deepen client value and future-proof the agency through AI-powered intelligence, strategic partnerships and integrated media solutions. The financial results of the media and communications vertical were part of Multiply Group's larger reporting on EBIDTA excluding fair value changes of AED395m in Q2 2025, registering AED 214m in group net profit excluding fair value changes, with 39 per cent revenue growth across its operating portfolio. Samia Bouzza, Group Chief Executive Officer and Managing Director, Multiply Group, said, 'This quarter's revenue growth of 39 per cent reflects the strong double-digit performance delivered across all verticals. This momentum translated into a 69 per cent increase in operating EBITDA and a 52 per cent rise in net income from our operating subsidiaries.' Bouzza added, 'While our inorganic initiatives contributed to the Group's overall growth, organic EBITDA from our operating businesses increased by 54 per cent year-on-year, led by our media and mobility verticals.'


Arabian Post
7 hours ago
- Arabian Post
Emirates NBD Secures Landmark Deal with Joyalukkas
Arabian Post Staff -Dubai Emirates NBD has entered into a landmark partnership with global jewellery retailer Joyalukkas, providing a substantial AED 500 million working capital facility. This agreement marks a crucial step in the expansion of Joyalukkas' operations across the UAE, as well as its key international markets, including the UK, USA, Canada, and Australia. The deal, announced today, highlights the growing collaboration between the two entities, cementing Emirates NBD's role as a key financial partner in Joyalukkas' global growth strategy. The working capital facility will allow Joyalukkas to bolster its operations, meet the increasing demand for luxury jewellery, and enhance its retail presence in multiple regions. ADVERTISEMENT Joyalukkas, a household name in the jewellery industry with a vast network of outlets worldwide, is known for its exquisite designs and premium products. Founded in 1987, the retailer has rapidly expanded its footprint, particularly in the GCC region, India, and other high-potential international markets. This new facility from Emirates NBD enables Joyalukkas to navigate challenges associated with working capital and supply chain management while facilitating its growth in a highly competitive market. The strategic decision to offer this significant financial support underscores Emirates NBD's commitment to supporting leading UAE-based businesses with ambitious expansion plans. The partnership will also contribute to the local economy, enabling job creation and boosting the retail sector. With an extensive portfolio of services tailored for high-growth industries, Emirates NBD is positioning itself as a critical player in the UAE's business ecosystem. For Joyalukkas, the agreement reflects its robust financial health and operational readiness for a broader international reach. As luxury consumption in markets such as the UK, USA, and Australia continues to rise, the retailer is well-placed to capitalise on this growing demand. Furthermore, the working capital facility will enhance its ability to manage large-scale projects and optimise its inventory across regions. With an extensive network of over 160 showrooms worldwide, Joyalukkas is keen to capitalise on its established reputation while strengthening its presence in key markets. The financial backing from Emirates NBD offers the flexibility required to support large-scale retail operations and secure further growth. Analysts see this collaboration as a strong endorsement of Joyalukkas' expansion strategy, particularly its targeted approach towards diversifying into high-potential international markets. As global luxury retail trends shift towards online platforms and omnichannel experiences, Joyalukkas has already begun adapting to these changes, with plans to enhance its digital presence alongside its physical stores. Emirates NBD, one of the leading banks in the region, has long been known for its strategic partnerships with key players in the retail and manufacturing sectors. By offering tailored financial solutions, the bank has proven to be a crucial enabler of growth for businesses with global aspirations. This latest deal with Joyalukkas adds to the bank's already impressive portfolio of financial support for companies looking to expand their market reach. As both organisations look ahead, the partnership represents a shared vision for long-term growth, with Joyalukkas planning to increase its retail footprint in the coming years. The bank's backing will facilitate Joyalukkas' ability to expand both in terms of physical retail locations and in the digital domain, where it is likely to see increasing competition. The deal is also a testament to the UAE's growing position as a global hub for business and finance, with local institutions playing a pivotal role in helping regional businesses scale internationally. Emirates NBD's deep involvement with international brands and retailers reflects the increasingly interconnected nature of global trade and commerce. While the facility's exact terms remain undisclosed, industry experts suggest that this could be one of many similar deals to follow, as both local banks and international businesses continue to seek mutually beneficial partnerships. The growing demand for high-end jewellery and the increasing prominence of luxury markets globally position this partnership as a key milestone in both organisations' development.