Hut 8 Announces Change of Auditor

Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or "the Company"), announces that its board of directors (the "Board") has approved a change of the Company's auditor. The Company's former auditor, Dale Matheson Carr-Hilton Labonte LLP (the "Former Auditor" or "DMCL"), has resigned on its own initiative prior to the expiry of their term in office, effective as of November 16, 2021. The Board and the audit committee of the Board (the "Audit Committee") have appointed Raymond Chabot Grant Thornton LLP (the "Successor Auditor" or "Raymond Chabot Grant Thornton") as the successor auditor of the Company, effective as of November 30, 2021.

"We are grateful for the services provided by DMCL since first engaging with the Company in 2018" said Shane Downey, Chief Financial Officer of Hut 8." We look forward to a smooth transition with the Raymond Chabot Grant Thornton team and continuing to deliver on our objectives."

There were no disagreements or unresolved issues with the Former Auditor on any matter of the audit scope or procedures, accounting principles or policies, or financial statement disclosure. There have been no "reportable events" (as defined in National Instrument 51-102 – Continuous Disclosure Obligations) between the Company and the Former Auditor. The Former Auditor did not provide a modified opinion in their auditor's report for the financial statements of the Company fiscal years ended December 31, 2020 and 2019.