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The Hut 8 mining announces a public offering of 150 million dollars

The Hut 8 mining announces a public offering of 150 million dollars

TORONTO, Sept. 15, 2021 /PRNewswire/ - & p. (Nasdaq: HUT) (TSX: Hut 8 Mining Corp.) ("Utona": "HUT"). Hut 8:00. " or the " Company today announced the price of the previously announced underwritten public offering in the US and Canada (the ""the ") today announces the pricing of its previously declared underwriting public offer ( "The " "Ass") in Canada Offering a service, the seller offers savage service to the sellers. ").

The Company agreed to sell underwriters 17,550,000 common shares (the "Common Shares") at a price of 8,55 USD per share, which resulted in total gross proceeds of 150,052,500 dollars.

The Offering will close on September 17, 2021 subject to customary closing conditions, including approvals from the NASDAQ Stock Exchange and the Toronto Stock exchange.

Moreover, the Company granted the Underwriters a over-allotment option, exercisable for ten days from the closing of the Offering, to buy up to 2 632 additional common shares, constituted 15% of common

The Company anticipates the net proceeds of the Offering will be used to support the growth of its business including 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 partnerships

Canaccord Genuity is acting as the Sole Bookrunner for the Offering and Stifel GMP and Craig-Hallum are acting Co-Managers for The Offering.

The Company filed a preliminary prospectus supplement and resulta dr., and the final prospectum supplement will be filed with the Securities and Exchange Commission in each of the provinces and territories of Canada, including the Those documents contain important information about the Offering. Copies of, the registration statement and the preliminary prospectus supplement can and will be found on EDGAR at, or copy of the base shelf prospectum and that

Prospective investors should read the base shelf prospectus, prospectu supplement and the prospectum supplement, as well as the registration statement before making an investment decision.

The press release hasn't been approved by any securities regulatory authority or disapproved of the contents of this press press statement. This press release does not constitute an offer to sell or the offer requesting, nor shall any sale of common shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the

About Hut 8 Mining Corp.

Hut 8 is one of the largest digitized asset miners in North America, supporting open and decentralized systems since 2018. In Alberta, Canada, Hut 8 has the highest capacity 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 diversified business and revenue strategy to protect shareholder value regardless of Bitcoin's market direction. The Company's multi-pronged business strategy includes profitable digital asset mining, high-performance compute hosting, and yield & income programs leveraging its Bitcoin held in reserve. Hut 8 was the first publicly traded miner on the TSX and the second Canadian minelor on The Nasdaq Global Select Market. Hut 8's business building technologists believe in decentralized systems, stewards of industry-leading solutions and drives of innovation in digital asset mining and high-performance computing, with a focus on ESG alignment. Through innovation, imagination and passion, Hut 8 is helping to define the digital asset revolution to bring value and positive impact to shareholders and generations to come.

Statements with a vigor regarding Forward-Looking Statement are subject to caution.

This release contains certain "forward looking statements" and certain, "in-looking information" as defined in applicable Canadian securities laws. Generally forward-looking statements and information can be identified by forwardlooking terminology such as "may", "will","should",",," "expect",, "estimate", etc. The forward-looking information contained herein is provided to help readers understand management's current expectations and plans relating to the future. Readers are warned that such information may not be appropriate for other purposes. Future-looking statements and information include, but not limited to, statements that rely on pricing of the offering and its completion.

The prospectus, which includes the dated Sept. 14, 2021, and the joint-examination form, titled "Security Factors", and a report of the company's annual report, in which , and should be considered by prospective investors carefully.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events may materially differ from those anticipated in the future-oriented information. Although we have attempted to identify important risk factors that could be useful to enlighten the actual results to become materially different from those contained in forward-looking information, there may be other risks that may not be known to us or that There is no assurance that such information will prove accurate, since actual results and future events can materially differ from what is predicted in such data. No forward-looking statements guarantee future results. Accordingly, you shouldn't place an unreasonable reliance on forward-looking information, which speaks only when it is made. The forward-looking information contained in this press release represents our expectations as of the date specified herein and may change after such date. If not, we disclaim any intention or obligation, or undertaking to update or revise any forward-looking information, whether by new or future events or otherwise, except for the required securities laws.

The foregoing cautionary statements confirm all of the forward-looking information contained in this press release expressly.

SOURCE Hut 8 Mining Corp.

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