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Hut 8 Mining Corp
Symbol HUT
Shares Issued 96,732,324
Close 2020-11-02 C$ 1.26
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Hut 8 Mining appoints Leverton as CEO

2020-11-02 09:15 ET - News Release

Mr. Bill Tai reports


Hut 8 Mining Corp. has appointed Jaime Leverton as chief executive officer, effective Dec. 1, 2020.

Ms. Leverton is a highly accomplished technology executive and industry thought leader with a long history of driving high-growth mandates. With more than 20 years of leadership in the Canadian technology industry, she is joining Hut 8 from her current role as the chief commercial officer of eStruxture Data Centers. Her career also includes tenure as the general manager of Canada and APAC (Asia-Pacific) with data centre and cloud provider Cogeco Peer 1 (now Aptum) as well as leadership roles with National Bank, BlackBerry, Bell Canada and IBM Canada. She proudly sits on the boards of the Stratford Festival, Technation and ComKids, in addition to serving as the chair of IMWomen Canada.

"We are thrilled to welcome Jaime to the Hut 8 team in this incredibly exciting time for our industry," said Bill Tai, chairman of the board. "Jaime is a proven executive that has consistently driven strong operational and financial performance, and we look forward to her leveraging our knowledge and assets in high-performance computing solutions to build long-term value in these rapidly growing markets."

"It's a privilege to join an organization on the leading edge of an industry that is building the new foundation for technological evolution. As a believer in the importance of Bitcoin in this evolution, I'm honoured to join the team as we further solidify Hut 8's place as a market leader and true technology innovator in this space," said Ms. Leverton.

Hut 8's current interim chief executive officer, Jimmy Vaiopoulos, will return to his previous position of chief financial officer, effective Dec. 1, 2020. The current interim chief financial officer will step down from his position, effective Nov. 30, 2020. Viktoriya Griffin will become Hut 8's full-time corporate secretary, beginning on Dec. 1, 2020.

Hut 8 also announces that it will release its third quarter 2020 financial results before market open on Thursday, Nov. 12, 2020.

A conference call has been scheduled to discuss the company's quarter-end financial results, hosted by Mr. Vaiopoulos.

Conference call details

Date:  Thursday, Nov. 12, 2020

Time:  10 a.m. ET

Dial-in numbers:  1-866-215-5508 (Canada), 1-888-771-4371 (United States)

Passcode:  50001378

About Hut 8 Mining Corp.

Hut 8 is a Bitcoin-mining company with industrial-scale operations in Canada. Hut 8 creates value for investors through low production costs and appreciation of its Bitcoin inventory. The company provides investors with direct exposure to Bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency. Investors avoid the need to create on-line wallets, wire money offshore and safely store their Bitcoin.

We seek Safe Harbor.

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