Hut 8 Mining Corp. ('Hut 8' or 'the Company') (TSX: HUT) (OTCQX: HUTMF), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, is pleased to announce it will be participating in the Gravitas Technology and Diversified Investor Day taking place Thursday, October 15, 2020 virtually.

Hut 8's Interim Chief Executive Officer, Jimmy Vaiopoulos, is scheduled to present on Thursday, October 15, 2020 at 11:15 AM EST. Mr. Vaiopoulos will also be fielding investor questions during the one-day virtual conference hosted by Gravitas Securities Inc.

'I am looking forward to sharing our growth strategy with investors at the Gravitas Technology and Diversified Investor Day,' said Mr. Vaiopoulos. 'With the recent arrival of the 1,000 M31S and 1,000 M31S+ machines on-site, the Gravitas Technology and Diversified Investor Day is an ideal venue to communicate our progress to investors.'

This year's Gravitas Technology and Diversified Investor Day will feature several leaders in Technology and Diversified industries and will be attended virtually by institutional and retail investors from North America and abroad.

Conference Details

Event: Gravitas Technology and Diversified Investor Day (virtual)

Format: Presentation

Date: Thursday, October 15th

Time: 9:30 AM - 4:15 PM EST

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 online wallets, wire money offshore, and safely store their bitcoin.

Contact:

Tel: (647) 256-1992

Email: info@hut8mining.com

FORWARD-LOOKING STATEMENTS

Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology, such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by Hut 8 as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the 'Risk Factors' section of the Filing Statement dated March 1, 2018 relating to the Qualifying Transaction of Oriana Resources Corporation and Hut 8, which is available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

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