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Scott has also cancelled a planned appearance at Day N Vegas Festival in Las Vegas.
The musician was supposed to appear at the Las Vegas Festival Grounds on November 13.
According to Variety, the rapper has now agreed to refund all attendees of the event that took place in Houston's NRG Park.
The eight people who died were aged between 14 and 27, and sources close to the performer said that he is 'too distraught to play' at the large event in Vegas just days afterwards.
In a statement released after the tragedy, which also resulted in injuries for scores of people following a crowd surge, Scott wrote: "My prayers go out to the families all those impacted by what happened,
"I'm absolutely devastated by what took place last night."
He added: "We're actually working now to identify the families so we can help assist them through this tough time."
The 29-year-old said that his fans 'really mean the world to me' and added that he 'always just wanna leave them with a positive experience'.
"Any time I can make out anything (negative) that's going on, I just stop the show and help them get the help they need, you know,
"I could never just imagine the severity of this situation."
He said that he and his team were working closely with the police, fire department, and city authority of Houston to 'get to the bottom' of whatever happened.
Scott also implored anyone with information that could help to get in touch with authorities.
He concluded: "I mean, I'm honestly just devastated. I could never imagine anything like this happening.
"I'm (going to) do everything I can to keep you guys updated, just keep you guys informed on what's going on.
"Love you all."
A compression of the crowd toward the stage occurred just after 9pm local time on Friday (5 November) while Scott was performing, Houston Fire Chief Samuel Pena told reporters at a news conference.
"The crowd began to compress towards the front of the stage, and that caused some panic, and it started causing some injuries," the fire chief said.
"People began to fall out, become unconscious, and it created additional panic."
Approximately 50,000 people were in attendance at the festival, Pena then confirmed.
Featured Image Credit: PA
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