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Hut 8 Mining Announces Proposed Public Offering

Hut 8 Mining Announces Proposed Public Offering

/PRNewswire/ - Hut 8 Mining Corp. (NASDAQ: HUT) (TSX:HUT), on Sept. 14, 2021 NASDAQ and XYYTA, a U. Hut 8 Hull Huht Hutop Hum " or the " Company Today announced the launch of a proposed underwritten public offering in the United States and Canada (the " ") today announced that the US and the Canada government would accept an underwriting offer to the public offer. Offers a restraining option. ").

The price of the offering is expected to be considered as the price option, with the final terms of this offering being determined at the time of pricing. No assurance is possible whether the Offering or not can be completed, or whether it is the actual size or the terms of the offering. The NASDAQ Stock Exchange and the Toronto Stock Market will be subject to market and other customary conditions.

The company intends to grant the underwriters a 30-day option to buy up to an additional 15% of the shares offered in the proposed offering on the same terms and conditions.

The Company anticipates that the net proceeds of the Offering will be used to support the growth of its business, to fund capital investments in digital assets mining equipment to increase mining capacity, for working capital and other general corporate purposes, and potentially for strategic

Canaccord Genuity is acting as a standard Bookrunner for the Offering.

In connection with the Offering, the Company filed a preliminary prospectus supplement, and deposited subsequently sulletus supplements, such as the base shelf prospectu supplement that is included in the Effective Registration Statement of the Securities and Exchange A copy of such documents may be found on EDGAR at www.sec.gov, or by contacting the Corporate Secretary at Suite 500, 24 Duncan Street, Toronto (Ontario), Canada, M5V 2B8, or

Before making an investment decision, prospective investors should read the base shelf prospectus and the prospectuse supplement, as well as the registration statement.

No securities regulatory authority has approved or disapproved the contents of this press release. This press release will not constitute an offer to sell or the solicitation of an oath, nor does there be any sale of common shares in any province or state in which such offer, solicitations or sale would be illegal prior to

About the Hut 8 Mining Corp.

Hut 8 is one of North America's largest innovation-focused digital asset mining machines, which supports open and decentralized systems since 2018. The Huto 8 system supports centralized and open-and-decentralized digital assets since 2018. Located in energy rich Alberta, Canada, Hut 8 has one of the highest capacity rates in the industry and holds more self-mined Bitcoin than any crypto miner or publicly traded company globally. Hut 8 is executing on its commitment to mining and holding Bitcoin and has a diversified business and revenue strategy to maximize shareholder value regardless of Bitcoin's market direction. The Company's multi-pronged business strategy includes a profitable digital asset mining, high-performance compute hosting, and yield & income programs leveraging its Bitcoin held in reserve. The first publicly traded miner on the TSX and the first Canadian mine on Nasdaq Global Select Market was positioned on its own. Founded in 1881, the team of business development technologists are committed to decentralized systems, stewards of powerful industry-leading solutions and drivers of innovation in digital asset mining and high-performance computing. The focus is on E Through innovation, imagination and passion, Hut 8 is helping to define the digital asset revolution and create value and positive impact for shareholders and generations to come.

Statements with a prudence are in regards to the future-looking statements.

This release contains some "forward-looking statements" and certain "right-oriented information" as defined in applicable Canadian securities laws. Forward-looking statements and information can be identified by forward-like terminology such as "may", "will","should", ("expect",",,"estimate",."believe",, "continue", and "plans" The forward-looking information contained herein is provided in order to help readers understand management's current expectations and plans relating to the future. Readers are advised that such information may not be appropriate for other purposes. The price of the offering and its completion include statements with forward-looking statements and information, but not limited to, the pricing and the price.

As stated in the report, the e-book, which will be available in full in our annual and interim management, dated September 14, 2021, and the accompanying information in my previous annual report on the Company's annual, www.sedar.com - wwwselection.de/. Prospect investors should consider this subject carefully.

If any of these risks or uncertainties materialize or the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events may differ materially from those anticipated in the future. Although we have attempted to identify important risk factors that could be able to cause actual results to differ materially from those contained in forward-looking information, there may be other risk factor that we presently believe are not material that can also cause There can be no guarantee that such information will be accurate, as actual results and future events could materially differ from those anticipated in such data. No forward-looking statement guarantees the future results. In consequence, you shouldn't place unreasonable reliance on forward-looking information, which only speaks from the date made. The forward-looking information contained in this press release represents our expectations as of the date specified herein and are subject to change after such time. With respect to the applicable securities laws, we disclaim any intention, obligation or undertaking to update or revise any forward-looking information, whether due to new information or due unforeseen events, without any obligation, or to any future events

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

SOURCE Hut 8 Mining Corp.

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