TORONTO, May 17, 2021 /CNW/ - Hut 8 Mining Corp. (TSX:
HUT) ("Hut 8" or the "Company") announces that its annual general
and special meeting of shareholders (the "Meeting") will be held on
June 23, 2021. Further details
of the Meeting, which will be held virtually via live video
webcast, will be included in a management information circular
expected to be mailed the week of May 24.
Following the announcement of its intention to seek a NASDAQ
listing, the Board of Directors of Hut 8 (the "Board") has
reaffirmed its commitment to diversity and inclusion with the
appointment of Alexia Hefti, Esq. to
the Company's Board.
Ms. Hefti, CEO of eGovern.com, is a Canadian-Swiss entrepreneur
and lawyer qualified to practice law in New York. An early leader in the global
blockchain and crypto industry, Alexia co-founded Deloitte's
blockchain tax practice in Canada
and Dubai and has significant
experience advising national governments, regulators and
multilateral finance development institutions in the Middle East, Caribbean and the United Nations. Currently,
her work focuses on advising national governments on how to prepare
for, design and implement blockchain-enabled government services to
increase citizen engagement and democratic governance, essential
counsel to the future of the industry.
"The Board and Executive team are delighted to welcome Alexia to
Hut 8. A driving force in this industry in Canada, she is a young leader that stands out
for her skill, professionalism, and experience," said Jaime
Leverton CEO of Hut 8. "Together our Company and the Board have
expressed a long-term commitment to advancing diversity and our ESG
aligned priorities. Alexia's experience and appointment will enable
us to continue to advance our objectives of strengthening diverse
perspectives and leadership across our Board."
The Board has also accepted the resignations of Mr. Sanjiv Samant and Mr. Chris Eldredge as
directors of the Company. The Company thanks Mr. Samant and
Mr. Eldredge for their service to the Board.
With the appointment of Ms. Hefti, the Company's Board is
comprised of a majority of independent directors consisting of Mr.
Joseph Flinn, Mr. Bill Tai (Chairman), and Ms. Hefti. Mr.
Jeremy Sewell will continue to serve
as BitFury Holdings' nominee pursuant to the existing Investor
Rights Agreement, and Hut 8's CEO, Jaime
Leverton will continue in her role on the Board.
At the Meeting, Mr. Flinn, Mr. Tai, Ms. Hefti, Mr. Sewell and
Ms. Leverton will be put forward as nominees for election to the
Board by the shareholders to serve as directors of Hut 8 following
the Meeting.
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.
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 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