Toronto, 15 de junio de 2023 /PRNewswire/ – Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), («Hut 8» or the «Company»), one of the largest North American-focused innovation-driven digital asset miners and provider of high-performance computing infrastructure, continues to make progress on the proposed business combination pursuant to which Hut 8 and US Data Mining Group, Inc. dba US Bitcoin Corp («USBTC») will combine in a merger of equals (the «Transaction»). The combined company will be called «Hut 8 Corp». («New Hut») and will be a U.S.-domiciled entity. The Transaction is expected to establish New Hut as a publicly traded, large-scale Bitcoin miner with highly diversified revenue streams and leading environmental, social, and governance (ESG) practices in the industry. New Hut has filed an additional amendment to its Form S-4 Registration Statement (the «Amended Registration Statement») with the U.S. Securities and Exchange Commission (the «SEC»). As reported in the Amended Registration Statement, New Hut’s expected installed self-mining capacity has increased from the previously reported 7.02 EH/s to 7.5 EH/s across the Medicine Hat and Drumheller mining facilities in Alberta; Niagara Falls, New York; Kearney, Nebraska; and Granbury and King Mountain, Texas upon closing of the Transaction. The enhancement is due to the energization of additional miners at USBTC sites. The 1.7 EH/s of installed self-mining capacity at the King Mountain, Texas site is owned by the joint venture in which USBTC has a 50% interest together with a leading power partner. «We are achieving measurable advancements in key files that will positively position New Hut to be highly competitive in the marketplace with 7.5 EH/s of self-mining capacity,» said Jaime Leverton, CEO of Hut 8. «We remain laser-focused on completing this merger in a manner convenient to form a stronger business backed by Bitcoin and fiduciary revenue generated from robust operations throughout North America.» Completion of the Transaction remains subject to remaining regulatory approvals, shareholder approval, court approval, and other customary closing conditions. About Hut 8 Hut 8 is one of North America’s largest innovation-driven digital asset miners, led by a team of business-creation technologists, bullish on bitcoin, blockchain, Web 3.0, and bridging the emerging high-performance computing and traditional computing worlds. With two operational digital asset mining sites located in southern Alberta, Hut 8 has one of industry’s highest mining capacity rates and an extensive inventory of self-mined and unencumbered Bitcoin holdings. Offering approximately 36,000 square feet of geographically diverse data center space in addition to direct, high-speed connectivity to major electric grids powered by abundant renewable and emissions-free sources, Hut 8 is revolutionizing the conventional asset creation model to create the first hybrid data center model yielding both conventional (Web 2.0) and digital asset computing, blockchain, and Web 3.0. Hut 8 was the first publicly listed and traded Canadian digital asset miner on Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping define digital asset revolution, create value, and positive impacts for shareholders and generations to come. Cautionary Note Regarding Forward-Looking Information This press release includes «forward-looking information» and «forward-looking statements» within the meaning of Canadian securities laws and U.S. securities laws, respectively (collectively, «forward-looking information»). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information often identifies statements containing words such as «may,» «would,» «could,» «should,» «will,» «intend,» «plan,» «anticipate,» «believe,» «estimate,» «expect,» «predict,» «potential,» «designed to,» «likely,» or similar expressions. Additionally, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among other things, statements regarding: (i) expectations relating to New Hut’s hashrate and self-mining capacity; (ii) the expected results of the Transaction; (iii) Hut 8’s and USBTC’s ability to complete the Transaction on the terms described herein, or at all, including receipt of required regulatory approvals, shareholder approvals, court approvals, stock exchange approvals, and compliance with other customary closing conditions; (iv) expected synergies related to the Transaction with respect to strategy, operations, and other matters; (v) projections relating to expansion; (vi) acceleration of ESG efforts and commitments; (vii) USBTC’s ability to resume mining activities in Niagara Falls, New York; and (viii) New Hut’s ability to execute on future opportunities, among others. Statements containing forward-looking information are not historical facts, but represent the expectations, estimates, and projections of the Company’s management regarding future events or circumstances based upon certain factors and assumptions significant at the time the statement is made. While Hut 8 considers these assumptions to be reasonable at the time of this press release, such statements are subject to risks, uncertainties, assumptions, and other factors that may cause actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, which include, among others: the ability to obtain necessary shareholder approvals and to satisfy other conditions to consummate the Transaction on proposed terms or at all; the ability to secure stock exchange, regulatory, government, or other approvals on assumed timelines or at all; the anticipated timing for completing the Transaction; the ability to realize anticipated benefits of the Transaction or implement the New Hut business plan, including as a result of delay in completing the Transaction or difficulty in integrating the businesses of the companies involved (including retention of key employees); the ability to realize synergies and cost savings at the times and to the extent anticipated; potential impact on mining activities; potential impact of the announcement or consummation of the Transaction on relationships, including with regulatory bodies, employees, suppliers, customers, competitors and other key stakeholders; security and cybersecurity threats and hacking; malicious actors or botnets gaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes in Bitcoin mining difficulty; loss or destruction of private keys; increases in fees to record transactions on Blockchain; power and internet outages; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty with respect to the acceptance or widespread use of digital assets; failure to anticipate technological innovation; the COVID-19 pandemic; climate change; currency risk; credit risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in lease agreements; inability to achieve anticipated benefits from power purchase agreements; potential for disrupted, or suspension of delivery of, power to New Hut mining sites. For a complete list of factors that could affect Hut 8, please refer to the «Risk Factors» section of the Company’s Annual Information Form dated March 9,…