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Hut 8 Mining Corp.

Exchange: TSXV Exchange | Apr 23, 2019, 12:53 AM EDT

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Acquisition of additional shares of Hut 8 Mining Corp.
Acquisition of additional shares of Hut 8 Mining Corp.

Canada NewsWire

AMSTERDAM, Jan. 17, 2019 /CNW Telbec/ - Bitfury Holding BV (the "Acquiror") announces that it acquired ownership of 2,133,858 common shares (the "Common Shares") of Hut 8 Mining Corp. (TSXV: HUT) (the "Issuer") at a price of $3.75 per common share, in satisfaction of 40% of the purchase price for BlockBox AC data centers announced on September 7, 2018. As a result of this acquisition, the securityholding percentage of the Acquiror and its joint actor increased by 0.98% since the last report filed on March 5, 2018.

Immediately prior to the acquisition of the Common Shares, the Acquiror and its joint actor hold a total of 37,660,000 Common Shares of the Issuer representing approximately 45.32% of the outstanding Common Shares of the Issuer, and approximately 42.57% of the issued and outstanding Common Shares of the Issuer on a fully-diluted basis.

Out of the 37,660,000 Common Shares, 36,160,000 Common Shares were held by the Acquiror and 1,500,000 Common Shares were held by the joint actor of the Acquiror.

Immediately after the acquisition of the Common Shares, the Acquiror and its joint actor hold a total of 39,793,858 Common Shares of the Issuer representing approximately 46.69% of the outstanding Common Shares of the Issuer, and approximately 43.93% of the issued and outstanding Common Shares of the Issuer on a fully-diluted basis.

Out of the 39,793,858 Common Shares, 38,293,858 Common Shares are held by the Acquiror and 1,500,000 Common Shares are held by the joint actor of the Acquiror.

The Common Shares were acquired at a deemed price of $3.75 per Common Share, for a total of $8,001,967.50.

The Common Shares were acquired for investment purposes. The Acquiror and its joint actor do not have any current intentions to increase or decrease their ownership or control or direction over any additional securities of the Issuer, other than in respect of satisfaction of the purchase price for additional BlockBox AC data centers. The Acquiror and its joint actor may, from time to time and depending on market and other conditions, acquire additional Common Shares through market transactions, private agreements, treasury issuances, dividend reinvestment programs, exercise of options, convertible securities or otherwise, may sell all or some portion of the Common Shares they own or otherwise trade in or with respect to securities of the Issuer.

This press release is being issued in order to comply with the disclosure requirements under applicable securities legislation. For inquiries or a copy of the related early warning report, a copy of which has also been filed on www.sedar.com, please contact:

Daniel George McGrath
Tel: +31615033874
E-mail: daan.mcgrath@bitfury.com

SOURCE Bitfury Holding BV

View original content: http://www.newswire.ca/en/releases/archive/January2019/17/c5357.html

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