AMSTERDAM, Jan. 17, 2019 /CNW Telbec/ - Bitfury Holding
BV (the "Acquiror") announces that it acquired ownership of
2,133,858 common shares (the "Common Shares") of Hut 8
Mining Corp. (TSXV: HUT) (the "Issuer") at a price of
$3.75 per common share, in
satisfaction of 40% of the purchase price for BlockBox AC data
centers announced on September 7,
2018. As a result of this acquisition, the securityholding
percentage of the Acquiror and its joint actor increased by 0.98%
since the last report filed on March 5,
2018.
Immediately prior to the acquisition of the Common Shares, the
Acquiror and its joint actor hold a total of 37,660,000 Common
Shares of the Issuer representing approximately 45.32% of the
outstanding Common Shares of the Issuer, and approximately 42.57%
of the issued and outstanding Common Shares of the Issuer on a
fully-diluted basis.
Out of the 37,660,000 Common Shares, 36,160,000 Common Shares
were held by the Acquiror and 1,500,000 Common Shares were held by
the joint actor of the Acquiror.
Immediately after the acquisition of the Common Shares, the
Acquiror and its joint actor hold a total of 39,793,858 Common
Shares of the Issuer representing approximately 46.69% of the
outstanding Common Shares of the Issuer, and approximately 43.93%
of the issued and outstanding Common Shares of the Issuer on a
fully-diluted basis.
Out of the 39,793,858 Common Shares, 38,293,858 Common Shares
are held by the Acquiror and 1,500,000 Common Shares are held by
the joint actor of the Acquiror.
The Common Shares were acquired at a deemed price of
$3.75 per Common Share, for a total
of $8,001,967.50.
The Common Shares were acquired for investment purposes. The
Acquiror and its joint actor do not have any current intentions to
increase or decrease their ownership or control or direction over
any additional securities of the Issuer, other than in respect of
satisfaction of the purchase price for additional BlockBox AC data
centers. The Acquiror and its joint actor may, from time to time
and depending on market and other conditions, acquire additional
Common Shares through market transactions, private agreements,
treasury issuances, dividend reinvestment programs, exercise of
options, convertible securities or otherwise, may sell all or some
portion of the Common Shares they own or otherwise trade in or with
respect to securities of the Issuer.
This press release is being issued in order to comply with the
disclosure requirements under applicable securities legislation.
For inquiries or a copy of the related early warning report, a copy
of which has also been filed on www.sedar.com, please contact:
Daniel George McGrath
Tel: +31615033874
E-mail: daan.mcgrath@bitfury.com
SOURCE Bitfury Holding BV