TORONTO, May 12, 2021 /CNW/ - Hut 8 Mining Corp. (TSX:
HUT) ("Hut 8" or the "Company"), one of North America's oldest and largest
innovation-focused bitcoin miners, is pleased to announce that the
Company has applied for a listing of its common shares on the
NASDAQ Global Market ("NASDAQ").
Jaime Leverton, CEO of Hut 8
commented: "Since we filed our F-10 in March, we have been
continuing to actively move forward with the NASDAQ listing
process. We are incredibly excited about what this means for Hut 8
and are proud to pursue the opportunity to join the ranks of global
technology companies listed in the U.S"
The listing of the Company's common shares on the NASDAQ remains
subject to the approval of the NASDAQ and the satisfaction of all
applicable quantitative and qualitative listing and regulatory
requirements. The Company will maintain the listing of its common
shares on the Toronto Stock Exchange under the symbol "HUT".
About Hut 8:
Hut 8 is one of North America's
oldest, largest and innovation-focused bitcoin miners. Hut 8 has
one of the highest installed capacity rates in the industry and is
#1 globally in held, self-mined Bitcoin of any crypto miner or
publicly traded company. Recently ranked 11th (of 10,000) on the
2021 OTCQX® Best 50, and the first publicly traded miner on the
TSX, the Hut 8 leadership team is continually looking for ways to
accelerate innovation in high performance computing, and the
blockchain ecosystem. We are stewards of powerful, industry-leading
solutions, and drivers of innovation in digital asset mining and
high-performance computing. – Hut 8 applies a growth mindset to our
revenue diversification, ESG and carbon footprint reduction
strategy. We are a company committed to growing shareholder value
regardless of #BTC market direction. #HodltheHut.
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 in
this press release includes, but is not limited to, statements
relating to the Company's application to list its common shares on
NASDAQ, the Company receiving all required approvals in respect of
a potential NASDAQ listing application (and the timing thereof) and
any expected or anticipated benefits of a NASDAQ listing.
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 March 25, 2021, 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.