Form 6-K HUT 8 MINING CORP. For: Aug 19

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August, 2022

 

 

Commission File Number: 001-40487

 

 

HUT 8 MINING CORP.

(Exact Name of Registrant as Specified in Its Charter)

 

 

24 Duncan Street, Suite 500, Toronto, Ontario, M5V 2B8

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F   ¨            Form 40-F  x

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

 

 

 

Exhibit

 

Exhibit No.	Description
99.1	Material Change Report

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	HUT 8 MINING CORP.
	By:	/s/ Jaime Leverton
		Name:	Jaime Leverton
		Title:	Chief Executive Officer

 

Date: August 19, 2022

 

 

 

Exhibit 99.1

 

FORM 51-102F3

 

MATERIAL CHANGE REPORT

 

Item 1	Name and Address of the Company
	Hut 8 Mining Corp. (the “Company”)
	130 King Street West, Suite 1800
	Toronto, Ontario
	M5X2A2

 

Item 2	Date of Material Change
	August 17, 2022
Item 3	News Release
	News release with respect to the material change referred to in this Material Change Report was disseminated by the Company through newswire on August 17, 2022, and subsequently filed under the Company's profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

 

Item 4	Summary of Material Change
	On August 17, 2022, the Company announced that it has entered into an equity distribution agreement dated August 17, 2022 (the “Distribution Agreement”) with Canaccord Genuity LLC, and Stifel, Nicolaus & Company, Incorporated (together, the “Agents”) as agents, pursuant to which the Company established an at-the-market equity program (the “ATM Program”).
	Pursuant to the ATM Program, the Company may, at its discretion and from time-to-time during the term of the A TM Agreement, sell, through the Agents, such number of common shares of the Company (“Common Shares”) as would result in aggregate gross proceeds to the Company of up to US$200 million. Sales of Common Shares, if any, through the Agents will be made through “at-the-market” issuances, including without limitation, sales made directly on the Nasdaq Stock Market in the United States at the market price prevailing at the time of each sale. No Common Shares will be offered or sold under the ATM Program on the Toronto Stock Exchange or any other marketplace in Canada. The ATM Program may be terminated, with notice, by either party at any time.

 

 

Item 5	Full Description of Material Change
	The Company intends to use the net proceeds of the ATM Program, if any, principally for general corporate purposes (including funding ongoing operations and/or working capital requirements). The net proceeds of the ATM Program may also be used to repay indebtedness outstanding from time to time, discretionary capital programs, and potential acquisitions. Since the Common Shares will be distributed at market prices prevailing at the time of the sale, prices may vary between purchasers and during the period of distribution. The volume and timing of sales, if any, will be determined at the sole discretion of the Company's management and in accordance with the terms of the Distribution Agreement. The offer and sale of the Common Shares under the ATM Program will be made by means of a prospectus supplement dated August 17, 2022 (the “Prospectus Supplement”) to the Company's existing short form base shelf prospectus dated August 5, 2022 (the “Base Shelf Prospectus” and, together with the Prospectus Supplement, the “Prospectus”) and U.S. registration statement on Form F-10 (the “Registration Statement”), which includes the Base Shelf Prospectus. The Registration Statement was declared effective by the United States Securities and Exchange Commission (the “SEC”) on August 5, 2022. The Prospectus Supplement has been filed with the applicable securities regulatory authorities in each of the provinces and territories of Canada and the SEC. The Prospectus is available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com and is available on the SEC's EDGAR website at www.sec.gov.
Item 6	Reliance on subsection 7.1(2) of National Instrument 51-102
	Not applicable.
Item 7	Omitted Information
	Not applicable.
Item 8	Executive Officer
	The following senior officer of the Company is knowledgeable about the material change and this material change report, and may be contacted as follows:
	Jaime Leverton, Chief Executive Officer
	Telephone: (647) 521-7433
	Email: [email protected]
Item 9	Date of Report
	August 19, 2022.

 

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