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Highrise AI Introduces New Chief Technology Officer, Former Head of AI and R&D for the IDF Sigma Branch, Mark Mendelman

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Highrise AI (NASDAQ, TSX: HUT), a subsidiary of Hut 8 Corp., has appointed Mark Mendelman as its new Chief Technology Officer. Mendelman joins Highrise following a distinguished 20-year career with the Israel Defense Forces (IDF), where he served as Head of AI and R&D for the elite Sigma unit within the C4I Directorate.

A graduate of the prestigious Mamram computer corps, Mendelman brings extensive experience in developing mission-critical AI systems, including the Dror battlefield intelligence platform. His background includes leading AI research groups and architecting large-scale data platforms. Notably, Mamram alumni have contributed to approximately 25% of Israeli unicorns, with exits totaling $1.9 billion in 2024.

Highrise AI (NASDAQ, TSX: HUT), una controllata di Hut 8 Corp., ha nominato Mark Mendelman come nuovo Chief Technology Officer. Mendelman arriva in Highrise dopo una brillante carriera di 20 anni nelle Forze di Difesa Israeliane (IDF), dove ha ricoperto il ruolo di capo dell'IA e della R&S per l'unità d'élite Sigma all'interno della Direzione C4I.

Laureato presso il prestigioso corpo informatico Mamram, Mendelman vanta una vasta esperienza nello sviluppo di sistemi IA mission-critical, incluso la piattaforma di intelligence sul campo di battaglia Dror. Il suo percorso include la guida di gruppi di ricerca sull'IA e la progettazione di piattaforme dati su larga scala. È interessante notare che gli alumni di Mamram hanno contribuito a circa il 25% degli unicorni israeliani, con uscite per un totale di 1,9 miliardi di dollari nel 2024.

Highrise AI (NASDAQ, TSX: HUT), una filial de Hut 8 Corp., ha nombrado a Mark Mendelman como su nuevo Director de Tecnología. Mendelman se une a Highrise tras una destacada carrera de 20 años en las Fuerzas de Defensa de Israel (IDF), donde fue Jefe de IA e I+D para la unidad de élite Sigma dentro de la Dirección C4I.

Graduado del prestigioso cuerpo informático Mamram, Mendelman aporta una amplia experiencia en el desarrollo de sistemas de IA críticos para la misión, incluyendo la plataforma de inteligencia de campo de batalla Dror. Su trayectoria incluye liderar grupos de investigación en IA y diseñar plataformas de datos a gran escala. Cabe destacar que los exalumnos de Mamram han contribuido aproximadamente al 25% de los unicornios israelíes, con salidas que suman 1.900 millones de dólares en 2024.

Highrise AI (NASDAQ, TSX: HUT)는 Hut 8 Corp.의 자회사로, Mark Mendelman을 새로운 최고기술책임자(CTO)로 임명했습니다. Mendelman은 이스라엘 방위군(IDF)에서 20년간 뛰어난 경력을 쌓았으며, C4I 국의 정예 Sigma 부대에서 AI 및 연구개발 책임자로 근무했습니다.

명망 높은 Mamram 컴퓨터 부대 출신인 Mendelman은 Dror 전장 정보 플랫폼을 포함한 임무 핵심 AI 시스템 개발에 풍부한 경험을 가지고 있습니다. 그는 AI 연구 그룹을 이끌고 대규모 데이터 플랫폼을 설계한 경력이 있습니다. 특히 Mamram 졸업생들은 이스라엘 유니콘 기업의 약 25%에 기여했으며, 2024년 총 매각액은 19억 달러에 달합니다.

Highrise AI (NASDAQ, TSX : HUT), une filiale de Hut 8 Corp., a nommé Mark Mendelman comme nouveau Directeur Technique. Mendelman rejoint Highrise après une brillante carrière de 20 ans au sein des Forces de Défense d'Israël (IDF), où il a été responsable de l'IA et de la R&D pour l'unité d'élite Sigma dans la direction C4I.

Diplômé du prestigieux corps informatique Mamram, Mendelman possède une vaste expérience dans le développement de systèmes d'IA critiques pour les missions, y compris la plateforme d'intelligence de champ de bataille Dror. Son parcours inclut la direction de groupes de recherche en IA et la conception de plateformes de données à grande échelle. Il est notable que les anciens de Mamram ont contribué à environ 25 % des licornes israéliennes, avec des sorties totalisant 1,9 milliard de dollars en 2024.

Highrise AI (NASDAQ, TSX: HUT), eine Tochtergesellschaft von Hut 8 Corp., hat Mark Mendelman als neuen Chief Technology Officer ernannt. Mendelman kommt zu Highrise nach einer herausragenden 20-jährigen Karriere bei den Israelischen Verteidigungsstreitkräften (IDF), wo er als Leiter für KI und F&E der Eliteeinheit Sigma innerhalb der C4I-Direktion tätig war.

Als Absolvent des renommierten Mamram-Computerkorps bringt Mendelman umfangreiche Erfahrung in der Entwicklung von missionskritischen KI-Systemen mit, darunter die Dror-Battlefield-Intelligence-Plattform. Sein Hintergrund umfasst die Leitung von KI-Forschungsgruppen und die Architektur groß angelegter Datenplattformen. Bemerkenswert ist, dass Mamram-Alumni etwa 25 % der israelischen Einhörner mitgestaltet haben, mit Exits in Höhe von 1,9 Milliarden US-Dollar im Jahr 2024.

Positive
  • Appointment of highly experienced CTO with 20 years of elite military AI and R&D leadership
  • Strong connection to Mamram alumni network, which has produced leaders of 25% of Israeli unicorns
  • Extensive expertise in developing secure, mission-critical AI platforms and infrastructure
  • Recognition with prestigious IDF Chief of General Staff Innovation Award and Israel National Defense Prize
Negative
  • Transition from military to commercial sector may require adjustment period
  • Potential learning curve in adapting defense-focused expertise to commercial market needs

Veteran defense technologist and AI systems architect leading development of resilient, secure cloud infrastructure for mission-critical AI workloads

MIAMI, July 31, 2025 /PRNewswire/ -- Highrise AI ("Highrise" or the "Company"), an AI infrastructure platform and subsidiary of Hut 8 Corp. (NASDAQ, TSX: HUT), today introduced its new Chief Technology Officer, Mark Mendelman. A veteran defense technologist and AI systems architect, Mark leads the development of Highrise's cloud platform, which combines bare-metal performance with full-stack orchestration for AI workloads.

Mark joined Highrise following a 20-year tenure with the Israel Defense Forces ("IDF"), where he most recently served as Head of the Artificial Intelligence (AI) and Research & Development (R&D) branch of Sigma, a specialist unit within the IDF's elite C4I Directorate. Sigma is responsible for developing and operationalizing advanced AI and computing technologies. As Head of AI and R&D, Mark directed cutting-edge AI research groups comprising data scientists, MLOps engineers, and domain experts, leading the IDF's work in multimodal foundation models, real-time sensor fusion, low-power edge inference, and training pipelines.

Mark has architected and deployed large-scale AI data platforms that ingest, label, and curate structured and unstructured data from dozens of classified sources. These platforms support rapid experimentation, scalable training, and secure data sharing with defense partners. His technical leadership shaped mission-critical systems such as Dror, a secure operational cloud platform that delivers natural-language battlefield intelligence contextualized across time and geography.

Mark is a graduate of Mamram, the IDF's legendary computer corps established in 1959, which has trained generations of Israel's top full-stack engineers, data scientists, and systems architects. Mamran alumni are currently entrepreneurs in approximately 25% of Israeli unicorns, with exits totaling approximately $1.9 billion in 2024. We believe Mark's deep roots in this ecosystem, particularly across Israel's advanced AI and cybersecurity sectors, will be instrumental in shaping Highrise's global innovation and partnership strategy. His work has been recognized with both the IDF Chief of General Staff Innovation Award and the Israel National Defense Prize, one of the country's highest honors for technological contributions to national security.

"In high-stakes environments, systems must be designed with the expectation that failure is not an anomaly but a constant variable," said Mark Mendelman, CTO of Highrise AI. "Engineering under that principle requires a focus on security, fault tolerance, and operational integrity. My mandate at Highrise is to apply that discipline to develop a differentiated AI cloud platform purpose-built for developers and enterprises operating in sensitive, performance-critical domains, who need systems they can trust to perform securely and predictably, even under pressure."

"Mark brings a proven track record of architecting large-scale, AI-driven platforms engineered for resilience, precision, and continuity," said Vince Fong, Co-Founder and CEO of Highrise AI. "He's worked at the front lines of operational AI in one of the world's most demanding environments, where uncompromising security is table stakes and system failure is not an option. As demand accelerates for performant, secure, and predictable AI platforms, we believe his experience positions Highrise to build a platform that sets a new standard for developers and enterprises who cannot afford compromise. We're thrilled to welcome Mark to the team."

About Highrise AI

Highrise AI is a cloud infrastructure platform purpose-built for artificial intelligence. Designed for developers and enterprises operating in performance-critical and security-sensitive domains, Highrise delivers bare-metal performance with full-stack orchestration to support the training and deployment of production-scale AI models. Highrise is a wholly owned subsidiary of Hut 8 Corp., 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.

About Hut 8 

Hut 8 Corp. ("Hut 8") 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.

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 and Highrise expect or anticipate will or may occur in the future, including statements relating to Mark's impact in shaping Highrise's global innovation and partnership strategy, his experience helping to position Highrise to build a platform that sets a new standard for developers and enterprises, 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 and Highrise 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 Hut 8's filings with the U.S. Securities and Exchange Commission. In particular, see Hut 8's recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under Hut 8's EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

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SOURCE Highrise AI

FAQ

Who is Mark Mendelman and what is his role at Highrise AI (HUT)?

Mark Mendelman is the new Chief Technology Officer at Highrise AI, joining after a 20-year career with the IDF where he served as Head of AI and R&D for the Sigma unit. He will lead the development of Highrise's cloud platform for AI workloads.

What is Mark Mendelman's experience in AI and technology?

Mendelman has 20 years of experience with the IDF, where he led AI research groups, developed multimodal foundation models, and architected large-scale AI data platforms. He created the Dror platform for battlefield intelligence and graduated from the prestigious Mamram computer corps.

What are Mark Mendelman's main achievements and recognition?

Mendelman has received the IDF Chief of General Staff Innovation Award and the Israel National Defense Prize. He successfully developed mission-critical AI systems and led advanced research groups in AI, MLOps, and data science.

What will be Mark Mendelman's focus at Highrise AI (HUT)?

At Highrise AI, Mendelman will focus on developing a differentiated AI cloud platform designed for security, fault tolerance, and operational integrity, specifically targeting developers and enterprises operating in sensitive, performance-critical domains.

What is the significance of Mendelman's Mamram background for Highrise AI (HUT)?

Mamram alumni currently lead approximately 25% of Israeli unicorns, with exits totaling $1.9 billion in 2024. Mendelman's connections to this ecosystem are expected to shape Highrise's global innovation and partnership strategy.
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