Hut 8 Corp. · NASDAQ:HUT
Hut 8 — Merger or Acquisition (November 2023)
36 slides from Hut 8's merger presentation, Nov 17, 2023
Slide 1: Investor Town Hall November 2023
Investor Town Hall November 2023 Filed by Hut 8 Corp. Pursuant to Rule 425 Under the Securities Act of 1933, as amended Subject Companies: U.S. Data Mining Group, Inc. and Hut 8 Mining Corp. S-4 Commission File No.: 333-269738
Slide 2: Disclaimer
2 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent DISCLAIMER About This Presentation This presentation, and all accompanying financial informatio
Slide 3: Welcome! Agenda
3 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Welcome! Agenda State of the Union Merger Overview Post-Merger Closing
Slide 4: Agenda
AGENDA State of the Union Merger Overview Post-Merger Closing
Slide 5: USBTC is on a mission to capture value at the cutting edge of new markets
5 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC is on a mission to capture value at the cutting edge of new markets State of the Union 1.
Slide 6: USBTC currently operates three business units
6 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC currently operates three business units State of the Union Business Units Bitcoin Mining
Slide 7: USBTC expects to manage more than 1 GW of capacity across the United States
7 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC expects to manage more than 1 GW of capacity across the United States State of the Union
Slide 8: USBTC expects to add five new sites upon approval of Celsius transaction
8 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC expects to add five new sites upon approval of Celsius transaction State of the Union Inf
Slide 9: Over the past year, USBTC has focused on diversified growth
9 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Over the past year, USBTC has focused on diversified growth Corporate Overview Key Transactions
Slide 10: USBTC's organizational structure has evolved
10 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC’s organizational structure has evolved State of the Union Old Structure New Structure CF
Slide 11: Managed Services and Corporate Development functions
11 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Managed Services Corporate Development Updated Function (formerly Operations) New Function Obj
Slide 12: USBTC's management team has also expanded
12 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC’s management team has also expanded… State of the Union Management Team Mike Ho CEO ▸ Bi
Slide 13: Guided by veterans of energy, finance, and government
13 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent …and we continue to be guided by veterans of energy, finance, and government State of the Unio
Slide 14: Managed Services: An end-to-end model for energy infrastructure partnerships
14 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Managed Services: An end-to-end model for energy infrastructure partnerships State of the Unio
Slide 15: Managed Services: Design and construction management services
15 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Managed Services: Design and construction management services State of the Union A. Site desig
Slide 16: Managed Services: Property management services (1 of 3)
16 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent State of the Union Design and construction management Property management Energy management Ma
Slide 17: Operating Snapshot: August 2023 Operating Report
17 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent 2 All logos, trademarks, and brand names used belong to their respective owners. This informat
Slide 18: Managed Services: Property management services (3 of 3)
18 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent State of the Union Design and construction management Property management Energy management Ma
Slide 19: Managed Services: Energy management services
19 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Managed Services: Energy management services State of the Union Design and construction manage
Slide 20: USBTC deploys proprietary operating tech at each data center it manages
20 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC deploys proprietary operating tech at each data center it manages State of the Union 1.
Slide 21: Operator: Asset management platform
21 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Operator: Asset management platform State of the Union Operator Purpose-built software platfor
Slide 22: Reactor: Algorithmic energy curtailment platform
22 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Reactor Purpose-built curtailment platform actively manages the site energy portfolio, capital
Slide 23: Network Operations Center (NOC) and Nucleus
23 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Network Operations Center (NOC) State of the Union Network Operations Center (NOC) Nucleus Cen
Slide 24: Agenda
AGENDA State of the Union Merger Overview Post-Merger Closing
Slide 25: USBTC is merging with Hut 8, a public miner based in Canada
25 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent USBTC is merging with Hut 8, a public miner based in Canada Merger Overview US Bitcoin Corp Hu
Slide 26: Hut 8 and USBTC are strategic complements
26 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Hut 8 and USBTC are strategic complements Corporate Overview US Bitcoin Corp Hut 8 Mining Inno
Slide 27: Transaction Thesis: Supercharging the next chapter of New Hut growth
27 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Transaction Thesis: Supercharging the next chapter of New Hut growth Merger Overview Dimension
Slide 28: Agenda
AGENDA State of the Union Merger Overview Post-Merger Closing
Slide 29: Post-merger infrastructure platform
29 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Post-Merger Infrastructure Platform Post-merger infrastructure platform Post-Merger Digital As
Slide 30: Setting our target on the $165B+ GPU cloud market driving the AI revolution
30 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Setting our target on the $165B+ GPU cloud market driving the AI revolution Post-Merger Note:
Slide 31: Supply shortages have resulted in unmet demand and high barriers to entry
31 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Hardware Infrastructure Supply shortages have resulted in unmet demand and enforced high barri
Slide 32: Agenda
AGENDA State of the Union Merger Overview Post-Merger Closing
Slide 33: Merger of equals capitalization structure
33 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Merger of equals capitalization structure Closing ~221.158M Hut 8 FDIM shares ~65.857M USBTC F
Slide 34: Closing Q&A
34 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Closing Q&A
Slide 35: Contact information
35 All logos, trademarks, and brand names used belong to their respective owners This information is confidential; it is not to be relied on by any 3rd party without US Bitcoin Corp’s prior written consent Contact information Investor Relations Sue Ennis, Head of Investor Relations info@usbitcoin.co
Slide 36: US Bitcoin Corp
° (cy) US BITCOIN CORP a