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 and high performance computing infrastructure provider, increased our Bitcoin holdings by 299 in the period ending October 31, bringing our total self-mined holdings to 8,687 Bitcoin.

• 299 Bitcoin were generated, resulting in an average production rate of approximately 9.6 Bitcoin per day
• Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in October were deposited into custody
• Total Bitcoin balance held in reserve as of October 31 is 8,687
• Installed ASIC hashrate capacity was 3.07 EH/s at the end of the month, which excludes certain legacy miners that are set to be fully replaced by the end of the year
• Hut 8 produced 97.4 BTC/EH in October

“We continue to optimize our fleet to drive hashrate efficiencies at our mines,” said Jaime Leverton, CEO. “With a balance-sheet focused approach, we continue to manage well through this bear market, backed by the largest self-mined unencumbered Bitcoin stack of any publicly traded company.”