Source: Enthusiast Gaming.
  • Enthusiast Gaming (EGLX) has signed a multi-year strategic partnership with Hut 8 (HUT)
  • The companies will collaborate on experiences and content within mobile and blockchain gaming, Web 3.0, NFTs and cryptocurrency
  • Hut 8 will provide infrastructure support and see its content rolled out into Enthusiast’s properties
  • Enthusiast Gaming is an integrated gaming entertainment company focused on media, talent, esports and experiences
  • Hut 8 is an innovation-centric digital asset miner focused on Bitcoin, blockchain and Web 3.0
  • Enthusiast Gaming (EGLX) is up by 0.56 per cent trading at $3.61 per share
  • Hut 8 (HUT) is down 1.03 per cent trading at $7.68 per share

Enthusiast Gaming (EGLX) has signed a multi-year strategic partnership with Hut 8 (HUT).

The companies will collaborate on new experiences and content within mobile and blockchain gaming, Web 3.0, NFTs and cryptocurrency.

Enthusiast will release an update to its first-person shooter game, EV.IO, featuring Hut 8 as a presenting sponsor. Hut 8 will also sponsor Luminosity Gaming, the top esports organization on Twitch.

Enthusiast will gradually integrate Hut 8 content across its flywheel of communities, games and experiences.

Hut 8 will provide infrastructure support by hosting Enthusiast in its data centres.

“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,” stated Adrian Montgomery, Enthusiast’s CEO.

“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,” added Jaime Leverton, CEO of Hut 8.

Enthusiast Gaming is an integrated gaming entertainment company focused on media, talent, esports and experiences.

Hut 8 is an innovation-centric digital asset miner focused on Bitcoin, blockchain and Web 3.0.

Enthusiast Gaming (EGLX) is up by 0.56 per cent trading at $3.61 per share as of 9:31 am EST.

Hut 8 (HUT) is down 1.03 per cent trading at $7.68 per share as of 9:32 am EST.

More From The Market Online

Four of the Magnificent Seven dropped today: Here’s why

The Magnificent Seven generated nearly two-thirds of the S&P 500's returns in 2023 and account for more than 25 per cent of the index.

Buzz on the Bullboards: A recap of recent activity and stocks in focus

After a major sell-off, stock markets have been on edge, monitoring corporate earnings to gauge the direction of the economy.
Rogers

Rogers reports 50% profit decline in Q1 despite revenue growth

Rogers Communications Inc. (TSX:RCI) faces a significant setback in its Q1 2024 performance, including a 50 per cent profit drop.