Hut 8 Provides Update On North Bay Facility

Hut 8 Mining Corp HUT:

• HUT 8 PROVIDES UPDATE ON NORTH BAY FACILITY

• HUT 8 MINING CORP - HAS REQUESTED MEDIATION PROCEEDINGS TO BE COMMENDED WITH VALIDUS POWER CORP

• HUT 8 MINING - CO WILL CONTINUE TO MONITOR SITUATION & PROVIDE ADDITIONAL UPDATES IN RESPECT OF SUSPENSION OF MINING ACTIVITIES AT NORTH BAY