Hut 8 repays $38M loan by issuing 2.3M shares at $16.395/share

Hut 8 Corp.

Issued 2,313,435 common shares to satisfy $37,928,768.53 in principal and accrued interest under an Anchorage Lending loan.
Conversion price of $16.395/share represents a 51% premium to the 20-day VWAP through Sept 26, 2024.
Transaction eliminates all outstanding debt and related obligations, strengthening Hut 8's balance sheet.
CEO cites improved leverage for pursuing AI and mining data center development opportunities.

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