James Beer Joins Hut 8 Mining as SVP of Operations

Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or "the Company"), one of North America's largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018, is pleased to announce the appointment of James Beer to the new role of Senior Vice President, Operations, effective February 22, 2022. Mr. Beer joins Hut 8's growing and diverse leadership team under the direction of CEO Jaime Leverton to support scaling and expansion of the Company's diversified operations.

Mr. Beer brings more than 20 years of leadership experience within service provider organizations serving mission critical facilities operations, colocation, site design and construction, network architecture, security, and managed services.

"We are delighted to bring James on board Hut 8's executive leadership team to help create incremental value as we continue to scale and diversify," said Jaime Leverton, Chief Executive Officer of the Company. "James brings with him an expertise and track record aligned to our vision for Hut 8 and will be instrumental in driving growth and innovation as he oversees our data center operations."

Over the last two decades, James has participated in multiple merger and acquisition transactions focused on integration, building growth engines, and value creation.

"I look forward to being a part of Hut 8 and to building on the Company's incredible innovation and momentum within the traditional data center and managed services realms," said Mr. Beer. "As industry becomes increasingly digitized, it's exciting to be working at the cutting-edge of high performance computing technologies being developed for the next generation."

About the Company:

Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin, blockchain, web 3.0 and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario, all located in Canada, Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of self-mined Bitcoin of any crypto miner or publicly-traded company globally.

With 36,000 square feet of geo-diverse data center space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data center model that serves both the traditional high performance compute (web 2.0) and nascent digital asset computing sectors, blockchain gaming, and web 3.0. Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select composite index and the first blockchain company to be added to the S&P/TSX Composite Index in 2021. Hut 8's team of business building technologists are believers in decentralized systems, stewards of powerful industry-leading solutions, and drivers of innovation in digital asset mining and high-performance computing, with a focus on ESG alignment. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.