TORONTO, April 8, 2021 /CNW/
- HUT 8 announced today that on
April 7, 2021, subsequent to the filing of its
preliminary base shelf prospectus on March
10, 2021, it has now filed and obtained
a receipt for its final short form base shelf prospectus (the
"Base Shelf Prospectus") with the securities regulatory authorities
in each of the provinces and territories of Canada. It has
also filed a corresponding amended shelf registration
statement with the United States Securities and Exchange Commission
(the "SEC") on Form F-10 under the U.S./Canada Multijurisdictional
Disclosure System which is now effective.
These filings will, subject to securities regulatory
requirements, allow the Company to qualify the distribution by
way of prospectus of up to CAD$500 million of common shares,
debt securities, subscription receipts, warrants and units, or any
combination thereof (all of the foregoing, collectively, the
"Securities"), during the 25-month period that the Base Shelf
Prospectus remains effective. The specific terms of
any future offering of Securities will be set forth in a
prospectus supplement to the Base Shelf Prospectus, which will be
filed with the applicable securities regulatory
authorities in connection with any such offering.
Jaime Leverton, CEO of stated:
"These filings will provide us with financial
flexibility to support our continued growth should
we seek to leverage it. It also permits us to act
more quickly to take advantage of any future opportunities that may
arise."
A copy of the Base Shelf Prospectus can be found on SEDAR at
www.sedar.com. A copy of the Base Shelf Prospectus and the
registration statement may also be obtained by contacting the
Corporate Secretary of the Company at 130 King Street West, Suite
1800, Toronto, Ontario, M5X
2A2.
This news 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 jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such
jurisdiction.
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 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.
SOURCE Hut 8 Mining Corp.