Matthew Prusak - Nov 30, 2023 Form 3 Insider Report for Hut 8 Corp. (HUT)

Role: Chief Commercial Officer
Signature: /s/ Asher Genoot, Attorney-in-Fact
Stock symbol: HUT
Transactions as of: Nov 30, 2023
Transactions value $: $0
Form type: 3
Date filed: 12/5/2023, 08:00 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HUT	Common stock, par value $0.01 per share						5.37K	Nov 30, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	HUT	Stock Option(2) (right to buy)							Nov 30, 2023	Common stock, par value $0.01 per share	319K	$0.39	Direct	F2, F3

* 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.
F2	Represents options to purchase the Company's Common Stock issued to the Reporting Person in replacement of the options (the "USBTC Options") held by the Reporting Person to purchase shares of common stock of USBTC prior to the consummation of the Business Combination on November 30, 2023. The USBTC Options were originally issued by USBTC on July 30, 2021.
F3	The shares vested fully in connection with the consummation of the Business Combination.