Hut 8 Statement on the Filing of New Blockchain and Digital Currency Legislation in Canada

TORONTO, February 9, 2022 /CNW/ – Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (“Hut 8” or “the Company”), one of North America’s leading innovation-driven digital asset mining pioneers, supporting open and decentralized systems since 2018.

Hut 8 acknowledges today’s introduction of Bill C-249 in from Canada Parliament. As a public policy leader in our industry, we support Parliament’s collaborative efforts to strengthen the Blockchain ecosystem in Canada. To this end, we have actively consulted with federal policy makers, and the proposed legislation reflects the opportunities for innovation within Canada. Creating a federal framework to regulate digital assets and consulting with industry leaders will help position Canada as a global leader in Blockchain innovation.

“I am optimistic about the future of our industry in Canada“said the CEO of Hut 8 Jaime Leverton. “Policy makers are increasingly aware of the incredible opportunities for growth and job creation in our sector and recognize the value of working with industry leaders to make Canada the destination for 21st innovators of the century.”

About Hut 8:

Hut 8 is one of North America leading innovation-driven digital asset miners, led by a team of start-up technologists, bullish on bitcoin, blockchain, web 3.0 and bridging nascent and traditional high-performance computing worlds . With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario 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 in the world. With 36,000 square feet of geo-diverse data center space and cloud capacity powered by emission-free energy sources, Hut 8 is revolutionizing conventional assets to create the first hybrid data center model that serves the both traditional high performance computing (web 2.0) and nascent sectors of digital asset computing, blockchain gaming and web 3.0. Hut 8 was the first Canadian digital asset miner to feature on the Nasdaq Global Select Composite Index and the first blockchain company to be added to the S&P/TSX Composite Index in 2021. The team of construction technologists d Hut 8’s business believes in decentralized systems, stewards of powerful cutting-edge solutions and drivers of innovation in digital asset mining and high-performance computing, with a focus on ESG alignment. Through innovation, imagination and passion, Hut 8 helps define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.

SOURCE Hut 8 Mining Corp

For further information: For media inquiries: William Greene, [email protected]705-309-0702

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