Hut 8 Mining Receives Interim Order and Submitting of Administration Info Round in Reference to the Enterprise Mixture with US Bitcoin

Hut 8 Mining Corp. (Nasdaq: HUT) is happy to announce that, in reference to its beforehand introduced enterprise mixture with U.S. Knowledge Mining Group, Inc. dba US Bitcoin Corp to be effected by the use of a court-approved plan of association below the Enterprise Firms Act (British Columbia), the Firm has obtained an interim order from the Supreme Courtroom of British Columbia. The Interim Order supplies for, amongst different issues, the holding of a particular assembly of the holders of widespread shares of the Firm to approve the Association. The Particular Assembly is scheduled to be held on September 12, 2023 at 10 a.m. ET and the file date for figuring out Shareholders entitled to obtain discover of and vote on the Particular Assembly has been fastened because the shut of enterprise on August 8, 2023.

The Firm has filed the administration info round and associated supplies in respect of the Particular Assembly that will likely be mailed to Shareholders below the Firm’s profile on SEDAR at www.sedarplus.ca and EDGAR at www.sec.gov, and on Hut8.io. The administration info round and associated supplies present particulars of the Particular Assembly and the way Shareholders or their duly appointed proxyholders can attend, entry, and take part within the Particular Assembly.

The completion of the Transaction is topic to sure situations, together with the receipt of the requisite approval from the Shareholders, the ultimate order of the Supreme Courtroom of British Columbia at an utility which is scheduled for September 15, 2023, and different closing situations customary in transactions of this nature. If all crucial approvals are obtained and the situations to the completion of the Transaction are happy or waived, it’s at present anticipated that the Transaction will likely be accomplished by September 30, 2023.