Michael Ho - Nov 30, 2023 Form 4 Insider Report for Hut 8 Corp. (HUT)

Role: Chief Strategy Officer, Director
Signature: /s/ Asher Genoot, Attorney-in-Fact
Stock symbol: HUT
Transactions as of: Nov 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/4/2023, 08:00 PM
Previous filing: Nov 9, 2023
Next filing: Mar 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HUT	Common stock, par value $0.01 per share	Other	$0	+6.33M		$0.00	6.33M	Nov 30, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 30, 2023, in connection with the consummation of the business combination (the "Business Combination") between Hut 8 Corp. (the "Company"), U.S. Data Mining Group, Inc., a Nevada corporation ("USBTC") and Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8"), the Reporting Person exchanged his shares of USBTC common stock for shares of the Company's Common Stock, par value $0.01 per share ("Common Stock"), at an exchange ratio of 0.6716 in accordance with the terms of the Business Combination. The acquisition of these shares pursuant to the consummation of the Business Combination were exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b3(d) given the Business Combination, and the Reporting Person's receipt of the Company's shares, was approved and ratified by both the Company's board of directors and shareholders.

Content

On November 30, 2023, in connection with the consummation of the business combination (the "Business Combination") between Hut 8 Corp. (the "Company"), U.S. Data Mining Group, Inc., a Nevada corporation ("USBTC") and Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8"), the Reporting Person exchanged his shares of USBTC common stock for shares of the Company's Common Stock, par value $0.01 per share ("Common Stock"), at an exchange ratio of 0.6716 in accordance with the terms of the Business Combination. The acquisition of these shares pursuant to the consummation of the Business Combination were exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b3(d) given the Business Combination, and the Reporting Person's receipt of the Company's shares, was approved and ratified by both the Company's board of directors and shareholders.