Mr. Asher Genoot of US Bitcoin Corp. reports

US BITCOIN CORP STOCKHOLDERS APPROVE TRANSFORMATIONAL BUSINESS COMBINATION WITH HUT 8

U.S. Data Mining Group Inc. (doing business as US Bitcoin Corp. (USBTC)), has seen its stockholders overwhelmingly vote in favour of the proposed business combination with Hut 8 Mining Corp. This decision follows the recent approval by Hut 8's shareholders as announced on Sept. 13, 2023.

"I'm incredibly proud of what we've accomplished at US Bitcoin Corp. and equally excited about our future with Hut 8," says Asher Genoot, president of US Bitcoin Corp. "Our shareholders have seen the immense value and potential in this merger of equals, and their overwhelming support is testament to this. We are eager to build upon our shared vision for economical mining, highly diversified revenue streams and industry-leading environmental, social and governance (ESG) practices."

The transaction is expected to close by Nov. 30, 2023, subject to customary closing conditions. Upon the closing of the transaction, the common stock of the combined company, Hut 8 Corp., is expected to be listed on Nasdaq and the Toronto Stock Exchange under the proposed ticker symbol HUT.

The transaction will further allow the newly formed entity to expand its focus on high-performance computing, hosting and managed infrastructure operations, including the maintenance and management of third party mining sites using purpose-built software.

"Today's vote marks a significant step towards realizing our shared ambition of creating a sustainable, diversified, and globally recognized digital asset mining leader," Mr. Genoot added. "We are committed to delivering superior value for our shareholders, customers and the broader digital asset community."

The final steps to complete the transaction are currently under way, marking the start of a new chapter for both entities.

About US Bitcoin Corp.

Founded by a team of visionary entrepreneurs and experienced executives, USBTC is an efficient, eco-friendly and large-scale North American mining company. With campuses in New York, Nebraska and Texas, USBTC seeks to set the standard for what is possible in its industry.

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