Hut 8 Mining Corp.

10:16 AM EST - Hut 8 Mining Corp. : Provided the following corporate update with respect to its latest strategic purchase. Hut 8 has executed on a $58.7 million USD purchase of 12,000 new MicroBT M30S, M30S+ and M30S++ miners from Inchigle Technology Hong Kong Limited, representing a cost of approximately $50/Terahash, with aggregate incremental production of 1.17 EH/s. The miners are expected to be delivered starting in January 2022, at a delivery rate of approximately 1,000 machines per month, with full deployment anticipated by December 2022. Hut 8 Mining Corp. shares T.HUT are trading down $0.61 at $14.60.

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