Hut 8 will become a premium sponsor of EV.IO, an Addicting Games multiplayer game, and Luminosity Gaming esports organization on Twitch
Hut 8 & Enthusiast Partnership
Enthusiast Gaming Holdings Inc., an integrated gaming entertainment business, announced a multi-year cooperation with Hut 8 Mining Corp., one of North America’s leading innovators in open and decentralized systems since 2018. This is Hut 8’s first collaboration with a gaming or esports group, and Enthusiast Gaming’s first with a digital asset miner.
According to the statement, the two companies will collaborate on new experiences and content in the areas of mobile and blockchain gaming, Web 3.0, networked financial technologies, and cryptocurrencies. Hut 8’s content will be integrated into Enthusiast Gaming’s flywheel of communities, games, and experiences as part of the ongoing cooperation. Hut 8 will also provide infrastructure support for Enthusiast Gaming by hosting the company’s servers in its data centers.
Blockchain gaming is expected to increase at a compound annual growth rate of 14.5 percent through 2026, as players gain interest in owning digital assets. Blockchain games, often known as no-fee games or crypto games, are defined as games that utilize blockchain-based cryptography. This may include the ability for participants to purchase, sell, and exchange cryptocurrencies and NFTs with one another.
Quotes
Adrian Montgomery, CEO of Enthusiast Gaming, said: “As we consider new opportunities in Web 3.0, the Metaverse, NFTs and cryptocurrency, we’re proud to join a partnership that will really deliver for our creators, communities and fans, and to kick things off with Hut 8 by bringing our flywheel of opportunities to them, through our latest launch from Addicting Games, and as a partner on Luminosity Gaming. With one of the highest inventories of self-mined Bitcoin of any publicly-traded company globally, Hut 8 has established itself as an innovative leader by bridging digital asset mining with the traditional data centre industry, and is now serving both traditional high-performance applications and applications in the gaming and blockchain space.”
Jaime Leverton, CEO of Hut 8, said: “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 and generate the unique benefits of this strategic partnership. 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.”
