Hut 8 Mining Establishes Market Equity Plan, Discretionary Sale of $200 Million of Common Stock

North American listed miner Hut 8 Mining has announced that it has entered into an Share Allocation (ATM) Agreement with Canaccord Genuity and Stifel (Agent), pursuant to which the Company has established an Market Equity Plan (ATM Plan). Under the ATM Program, the Company may, at its discretion, from time to time during the term of the ATM Agreement, sell through an agent, the Company's common stock for gross proceeds of up to $200 million. The Company intends to use the net proceeds of the ATM Program, if any, primarily for general corporate purposes (including funding ongoing operations and/or working capital requirements) and may also be used to repay outstanding debt, discretionary capital plans and potential acquisition.