Hut 8 Announces Results of 2022 Annual Meeting of Shareholders

Rhea-AI Summary

Hut 8 Mining Corp. (TSX: HUT) announced that all resolutions at its Annual Meeting of Shareholders on June 16, 2022, passed successfully. Key votes included the re-election of directors such as Bill Tai and Jaime Leverton, with significant support. Total votes cast ranged from approximately 27 million to 27 million across nominees, with votes for varying from over 26 million to just over 15 million. Hut 8 continues to solidify its position as a leader in digital asset mining in North America, focusing on bridging traditional computing with blockchain technology.

Positive

• All shareholder resolutions were approved, indicating strong support for management and strategy.
• Hut 8 is recognized as a leader in digital asset mining with significant operational capacity.
• The company has one of the highest inventories of self-mined Bitcoin among publicly traded miners.

Negative

• None.

TORONTO, June 16, 2022 /PRNewswire/ - Hut 8 Mining Corp. (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 that all resolutions considered by the shareholders of Hut 8 at the Company's Annual Meeting of Shareholders (the "Meeting") held virtually via teleconference on June 16, 2022 were passed. Voting as to each of the director nominees was as follows:

Nominee	Total Votes Cast by Ballot	Total Votes For
Bill Tai	27,025,691	26,642,950
Joseph Flinn	27,025,691	18,862,947
Jaime Leverton	27,025,692	26,321,422
K. Alexia Hefti	27,025,690	15,026,340
Rick Rickertsen	27,025,691	18,262,644

Please see the report of voting results filed under Hut 8's profile at www.sedar.com for the detailed results of the other matters voted on by shareholders at the Meeting.

About Hut 8

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 centre 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 centre 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. 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.

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SOURCE Hut 8 Mining Corp

FAQ

What were the results of Hut 8's Annual Meeting of Shareholders on June 16, 2022?

All resolutions presented at Hut 8's Annual Meeting on June 16, 2022, were passed with strong support from shareholders.

Who were the directors re-elected during Hut 8's Annual Meeting?

Directors re-elected include Bill Tai, Joseph Flinn, Jaime Leverton, K. Alexia Hefti, and Rick Rickertsen.

How many votes were cast for Bill Tai at Hut 8's Annual Meeting?

Bill Tai received a total of 26,642,950 votes for his re-election.

What is Hut 8's focus in the digital asset market?

Hut 8 focuses on bridging traditional high performance computing and digital asset sectors, emphasizing innovation in blockchain technology.