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Hut 8 Advances Capital Strategy with DIFC Licence
Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), 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, today announced that its subsidiary, Hut 8 Investment Ltd, has secured a Commercial Licence in the Dubai International Financial Centre (“DIFC”). The license authorises proprietary investments and certain non-financial commercial activity under the DIFC’s internationally recognised common law framework.
The DIFC licence 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, tightening spreads and improving fee structures that previously introduced up to 10% in 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 be difficult to execute without a DIFC licence
- Regulatory clarity within a common law framework: Provides a globally recognised legal and regulatory foundation for institutional digital asset activity, delivering enhanced enforceability, compliance certainty, and jurisdictional alignment
“We believe that securing a DIFC licence enhances our ability to drive outsised 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 framework built for structured digital asset strategies, we believe we can manage Bitcoin held in reserve more efficiently, manage risk with greater precision, and optimise yield through disciplined, proactive management.”
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