TORONTO, March 10, 2021
/CNW/ - Hut 8 Mining Corp. (TSX: HUT) ("Hut 8" or the
"Company") is pleased to announce it has
filed a preliminary base shelf prospectus with the
securities regulatory authorities in each of the provinces and
territories of Canada and a
corresponding shelf registration statement on Form F-10 (the
"Registration Statement") with the U.S. Securities and
Exchange Commission (the "SEC") under the U.S./Canada
Multijurisdictional Disclosure System.
The shelf prospectus and Registration Statement, when made final
or effective, will allow Hut 8 to offer up to CAD$500,000,000 of common shares, debt
securities, subscription receipts, warrants, convertible
securities, units, or any combination thereof, from time to time
during the 25-month period that the shelf prospectus is
effective. The specific terms of any future offering will be
established in a prospectus supplement to the shelf prospectus,
which supplement will be filed with the applicable Canadian
securities regulatory authorities and the SEC.
The Registration Statement filed with the SEC has not yet become
effective. No securities may be sold, nor may offers to buy be
accepted, prior to the time the Registration Statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any province, state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
province, state or jurisdiction.
A copy of the preliminary short form base shelf prospectus can
be found on SEDAR at www.sedar.com. A copy of the preliminary
short form base shelf prospectus may also be obtained by contacting
the Corporate Secretary of the Company at 130 King Street West,
Suite 1800, Toronto, Ontario, M5X
2A2.
About Hut 8: Hut 8 is one of North America's oldest and largest bitcoin
miners. Hut 8 has one of the highest installed capacity rates in
the industry and is Top 5 largest holders of self-mined Bitcoin of
publicly traded companies in the world. Recently ranked 11th (of
10,000) on the 2021 OTCQX® Best 50, the Hut 8 leadership team is
continually looking for ways to challenge traditional approaches in
order to find innovative, powerful, industry-leading solutions - a
mindset now being applied to their Revenue diversification, ESG and
carbon footprint reduction strategy.
FORWARD-LOOKING STATEMENTS Certain information in this press
release constitutes forward-looking information. In some cases, but
not necessarily in all cases, forward-looking information can be
identified by the use of forward looking terminology, such as
"plans", "targets", "expects" or "does not expect", "is expected",
"estimates", "intends", "assumes", "anticipates" or "does not
anticipate" or "believes", or variations of such words and phrases,
or state that certain actions, events or results "may", "could",
"would", "might", "will" or "will be taken", "occur" or "be
achieved". In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances contain forward-looking information. Statements
containing forward-looking information are not historical facts,
but instead represent management's expectations, estimates and
projections regarding future events. Forward-looking information is
necessarily based on a number of opinions, assumptions and
estimates that, while considered reasonable by Hut 8 as of the date
of this press release, are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information, including but not limited to the
factors described in greater detail in the "Risk Factors" section
of the Company's Annual Information Form dated April 3, 2020, which is available at
www.sedar.com. These factors are not intended to represent a
complete list of the factors that could affect Hut 8; however,
these factors should be considered carefully. There can be no
assurance that such estimates and assumptions will prove to be
correct. The forward-looking statements contained in this press
release are made as of the date of this press release, and Hut 8
expressly disclaims any obligation to update or alter statements
containing any forward-looking information, or the factors or
assumptions underlying them, whether as a result of new
information, future events or otherwise, except as required by
law.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
SOURCE Hut 8 Mining Corp.