Ms. Sue Ennis reports

HUT 8 SUBSIDIARY AMERICAN BITCOIN ANNOUNCES COMMENCEMENT OF GRYPHON STOCKHOLDER VOTING ON GO-PUBLIC TRANSACTION

Gryphon Digital Mining Inc. stockholder voting has commenced in connection with the previously announced stock-for-stock merger transaction between American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., and Gryphon.

Upon closing of the transaction, the combined company will operate under the American Bitcoin brand, led by the management and board of directors of American Bitcoin. The combined company is expected to trade on Nasdaq under the ticker symbol ABTC, with the transaction currently targeted to close in early September, 2025, subject to Gryphon stockholders voting to approve the proposed transaction and the satisfaction of other customary closing conditions.

Gryphon stockholders that owned shares as of July 25, 2025, may vote to approve the transaction in advance of Gryphon's special meeting of stockholders to be held on Wednesday, Aug. 27, 2025, at 10 a.m. Eastern Time, virtually unless postponed or adjourned to a later date.

Your vote is important, no matter how many or how few shares you own. The board of directors of Gryphon unanimously recommends that Gryphon stockholders vote for each of the proposals to be considered at the special meeting.

Gryphon stockholders can find instructions on how to vote on the proposals to be considered at the special meeting in the definitive proxy statement/prospectus and accompanying proxy card that was filed by Gryphon with the Securities and Exchange Commission on July 31, 2025, and first mailed to Gryphon stockholders on or about Aug. 1, 2025. A copy of the proxy statement/prospectus is also available on-line.

If you have any questions or need assistance voting, please contact Okapi Partners LLC, Gryphon's proxy solicitor, by calling 855-305-0857 or by e-mailing info@okapipartners.com.

About Hut 8 Corp.

Hut 8 is an energy infrastructure platform integrating power, digital infrastructure and compute at scale to fuel next-generation, energy-intensive use cases such as bitcoin mining and high performance computing. It takes a power-first, innovation-driven approach to developing, commercializing and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Its platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five bitcoin mining, hosting and managed services sites in Alberta, New York and Texas, five high performance computing data centres in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta.

About American Bitcoin Corp.

American Bitcoin is a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale bitcoin mining and strategic bitcoin reserve development. American Bitcoin combines Hut 8's proven mining operations, cost-efficient infrastructure development capabilities and disciplined approach to capital allocation with Eric Trump's commercial acumen, capital market expertise and commitment to the advancement of decentralized financial systems.

About Gryphon Digital Mining Inc.

Gryphon is an innovative venture in the bitcoin mining space.

We seek Safe Harbor.