COMPANY

OVERVIEW
TSE Ticker:STI.TO April 2021
OTCQX: STIMF
Disclaimer
This management presentation is intended to provide an overview of the business of Safetrustinvest Mining Corp. (“Safetrustinvest” or the “Company”).

This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities of the Company or any of its
subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any
contract or commitment or investment decision whatsoever. This presentation includes market share, industry and other statistical information that the Company has obtained from independent industry
publications, government publications, market research reports and other published independent sources. Such publications and reports generally state that the information contained therein has been
obtained from sources believed to be reliable. Although the Company believes these publications and reports to be reliable, it has not independently verified any of the data or other statistical information
contained therein, nor has it ascertained or validated the underlying economic or other assumptions relied upon by these sources. The Company has no intention and undertakes no obligation to update or
revise any such information or data, whether as a result of new information, future events or otherwise, except as, and to the extent required by applicable securities laws.

Certain statements in this presentation may constitute “forward-looking” statements. When used in or in relation to this presentation, such statements use words including, but not limited to, “may”, “will”,
“expect”, “believe”, “plan”, “intend”, “anticipate”, "future" and other similar terminology (including negative variations thereof) and include, without limitation, statements or information with respect to: the
Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), planned expansion and business prospects
and opportunities. These forward-looking statements reflect the current expectations of Hut 8’s management regarding future events, operating performance or other achievements, or potential matters
relating to any of the foregoing, of the Company, but involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company,
or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect management’s current
views and are based on certain assumptions; the reader must take note that there is no certainty that the Company will achieve or undertake any specific activity in respect thereto. They are, by necessity,
only estimates of future results, performance, achievements or developments, and the actual results, performance, achievements or developments may differ materially from these statements due to a
number of known and unknown factors, uncertainties and risks, including the risks specified in the section entitled "Risk Factors" of the Company's most recently filed Annual Information Form and its other
continuous disclosure filings available under its corporate profile on www.sedar.com. Investors are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking
information herein is qualified by these cautionary statements, and although any forward-looking information contained herein is based on what management believes are reasonable assumptions, there can
be no assurance that actual results or outcomes will be consistent with these forward-looking statements. Any forward-looking statements are made as of the date of this presentation, and, except as may
be required by applicable law, the Company does not assume any obligation to update or revise them to reflect new information, events, circumstances or otherwise. The information contained in this
presentation, including information related to bitcoin and the cryptocurrency industry generally, is derived from management of the Company and otherwise from publicly available information and does not
purport to contain all of the information that an investor may desire to have in evaluating whether or not to make an investment in Safetrustinvest. The information has not been independently verified, which
may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no
representation or warranty, express or implied, is made or given by or on behalf of Safetrustinvest as to the accuracy, completeness or fairness of the information or opinions contained in this presentation
and no responsibility or liability is accepted by any person for such information or opinions. No opinion, whether express or implied, is made as to any correlation between the current and historical price of
bitcoin and the future financial performance of the Company, nor should any such opinion be inferred.

This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities of Safetrustinvest in the United States. The securities of Safetrustinvest have not been, and will not be,
registered under the United States Securities Act of 1933, as amended, or any state securities laws, and such securities may not be offered or sold in the United States or to U.S. persons unless registered or
exempt therefrom.

This presentation may have been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic
transmission. You are responsible for protecting against viruses and other destructive items. Your receipt of this electronic transmission is at your own risk and it is your responsibility to take precautions
to ensure that it is free from viruses and other items of a destructive nature. As a consequence of the above, neither the Company nor any director, officer, employee or agent of any of them or any affiliate
of any such person accepts any liability or responsibility whatsoever in respect of any difference between the presentation distributed to you in electronic format and the hard copy version that may be made
available to you.

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Disclaimer (CONT’D)
This presentation and its contents are confidential and are being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in part by any other
person. Neither this presentation nor any copy of it may be taken or transmitted into or distributed in any other jurisdiction which prohibits the same except in compliance with applicable laws. Any failure to
comply with this restriction may constitute a violation of applicable securities law. Recipients are required to inform themselves of, and comply with, all such restrictions or prohibitions and the Company
does not accept liability to any person in relation thereto. By receiving a copy of this presentation, you hereby agree to be bound by the foregoing provisions.

The presentation presents certain non-GAAP (“GAAP” refers to Generally Accepted Accounting Principles) financial measures to assist readers in understanding the Company’s performance. These non-
GAAP measures do not have any standardized meaning and therefore are unlikely to be comparable to similar measures presented by other issuers and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with GAAP. Management uses these non-GAAP measures to supplement the analysis and evaluation of operating performance.

This presentation presents certain non-GAAP (“GAAP” refers to Generally Accepted Accounting Principles) financial measures to assist readers in understanding the Company’s performance. These non-
GAAP measures do not have any standardized meaning and therefore are unlikely to be comparable to similar measures presented by other issuers and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with GAAP. Management uses these non-GAAP measures to supplement the analysis and evaluation of operating performance.

The following terms are used, which are not found in the Chartered Professional Accountants of Canada Handbook and do not have a standardized meaning under GAAP.

EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization)

• “EBITDA” represents net income or loss excluding net finance income or expense, income tax or recovery, depreciation, and amortization.
• “Adjusted EBITDA” represents EBITDA adjusted to exclude share-based compensation, fair value loss or gain on revaluation of digital assets, write-offs, and costs associated with one-time
transactions (such as listing fees).
• “Adjusted EBITDA Margin” represents Adjusted EBITDA as a percentage of revenue.

EBITDA is used to show ongoing profitability without the impact of non-cash accounting policies, capital structure, and taxation. This provides a consistent comparable metric for profitability.

“Mining Profit” represents gross profit (revenue less cost of revenue), excluding depreciation. “Mining Profit Margin” represents Mining Profit as a percentage of revenue. Mining Profit and Mining Profit
Margin show the cash expenses against the revenue without the impact of non-cash accounting policies such as depreciation.

“Cost per Bitcoin” represents cost of revenue excluding depreciation, divided by the number of bitcoin mined in the period. This metric is commonly referenced in the bitcoin mining industry and is important
to gain an understanding of the profitability in reference to the price of bitcoin.

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CAPITAL
OTCQX: STIMF
Company Ticker:
TSX: STI

MARKETS
52 Week Low/High: 0.51-15.98
Shares Outstanding: 119,513,437

PROFILE
Warrants: 10,537,377
Options: 643,334
RSU’s: 1,858,334
BTC on Balance Sheet: 3233 as at March 24, 2021

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JAIME LEVERTON
• MBA with a concentration in Marketing
Informatics
• 20 years working in Technology (IBM, Bell,
BlackBerry, National Bank, Cogeco Peer 1,
eStruxture)
• Career primarily focused on Strategic
Transformation & High Growth Initiatives
• Women in IT Channel Hall of Fame
Chief Executive Officer
• Telfer School of Management Award for
Private Sector Leadership in Advanced
Technology
• Infrastructure Masons: Champion of the
Global Digital Infrastructure Industry
• Claim to Fame: Brokering deals, opex &
distressed asset turnaround &
transformation for $1B+ market cap
enterprises.
5

SHANE
DOWNEY
CFO
Chartered Professional
Accountant and experienced
public company CFO in
renewable energy sector;
Background in cross-border
M&A both in principal and
advisory capacities; Seasoned
corporate lender with
experience across multiple
sectors
EXECUTIVE TEAM
SUE
ENNIS
Head of Investor
Relations & Corporate
Development
Chartered Investment
Manager; Financial Services,
Emerging Technology, and
Innovation champion. Over
12+ years in partnership &
relationship development in
Financial Services, Asset
Management, Blockchain and
Crypto currency.
JASON
ZALUSKI
Head of Technology
Experienced Technologist &
Strategist. Specialization in
cryptocurrency mining
facilities and blockchain
infrastructure services.
TANYA MELINA JAMES
WOODS NERON CRESSWELL
General Counsel, EVP of Human Resources Head of Site Operations
Regulatory Affairs Human Resources manager Construction and industrial
BA, LLB, LLM, LLM; award- with 10+ years of professional maintenance management
winning specialist experience. specialist
in Technology, Global Trade,
and IP Law; Co-founded
Canada's first trade
association for blockchain and
crypto; advisor to UNESCO,
ISO, and former Government
of Canada and Ontario
Securities Commission crypto
advisor.
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 BITCOIN ADOPTION IS ACCELERATING

PayPal launches new

service enabling
cryptocurrency as a
funding source for its 26
million merchants
(October 2020)

Insurance giant
MassMutual buys
$100 Million worth of
bitcoin

“I like bitcoin even more now than I did then. I think we are in – Paul Tudor Jones
the first inning of bitcoin, & it’s got a long way to go.” October 2020
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CURRENT
Medicine Hat Drumheller
Self-mining2 Hosting Self-mining TOTAL

ASSET
Blockbox AC 48 8 44 100

Installed Power1 57 MW 9 MW 43 MW 109 MW

BASE
Hashpower1 735 PH/s N/A 338 PH/s 1073 PH/s

1. Figures reflect full operational capacity. Actual figures vary daily based on optimizing efficiency from the price of bitcoin,
mining difficulty and electricity costs, which are dynamic and move frequently. In addition, BlockBoxes may be
temporarily placed in standby mode for normal maintenance.
2. Includes M31S and M31S+ installed in September 2020, does not include M30S ordered.

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 Highest amount of self-mined Bitcoin
1 of any publicly traded company

Most robust management team

2 in the crypto mining space

INVESTMENT 3
Cutting edge diversified fleet of

HIGHLIGHTS
mining equipment: ASIC & GPU

Strategy for success, and proven revenue

4 generation, regardless of Bitcoin market cycle

Power capacity expansion

5 with a focus on ESG

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 EQUIPMENT FLEET PHILOSOPHY

OUR • Often miners end up chasing giant capital balloons to roll over
equipment when bitcoin economics change

ADVANTAGE: • Our philosophy is regular equipment refresh cycle; Avoid chasing

giant capital balloons to roll over entire fleet; Refresh 25% every 6-
12 months based on Bitcoin economics
Proactive Fleet • Reduces our exposure to equipment supply/demand constraints
Management, Road Map • Hut8 reduces our capital expenditure risk with a well-balanced
& Equipment Refresh portfolio of cutting-edge new equipment but also profitable older
Cycle equipment

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 EXPERIENCED EQUIPMENT MANAGERS

Solid, 3+ years Different operational 24/7 repair & services Best-in-class mining On-site repair &
managing our fleet modes allow for personnel on the equipment to proximity of locations
hands-on proactive management ground maximize compute per
of maximum output, per megawatt
machine, given mining
economics.

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 LOCKED-IN, LOW COST OF
ELECTRICITY ADVANTAGE

Positive
10-yr
working
electricity supply
Medicine Hat, agreement &
relationship with
Alberta government &
land lease
community
Abundance of Freezing cold
gas, wind, & temperatures &
green energy high winds

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 GROWTH STRATEGY

Purchased Nvidia Cutting Edge GPU Miners

1 2
Joined Foundry Mining Pool; reduced costs by 50%;
access to Miner Treasury Management Services; to mine Ethereum & participate in profitable
generate yield, high-security custody; derivative products DeFI space with a payout in Bitcoin

4% yield on 1,000 BTC

(3012 Bitcoin on balance) 6 3 New equipment install-attained goal
of 1.0E/H; on track for 1.3 E/H Q2

Full fleet of equipment mining & in

the money & dynamic fleet upgrade 5 4 Power expansion to 100MW with
optionality to scale further Q4 2021

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 ESG INITIATIVES

ESG investing by Only female

institutional investors CEO in the bitcoin
has increased by 34% mining industry, Disruptive ESG
globally since 2014, top 20 in the Energy power MOU
over $30trillion commodity industry signed & under
invested in ESG as a whole exploration
Looking to
Research has proven
Diverse bring on a Head
an increase in diversity
leadership of Sustainability
=19% higher revenue
team within the next
driven by innovation
60 days

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 Power agreement will enable STI to

01 initially secure up to 100MW of new

power from the project on a physical off-
take basis at highly competitive pricing

FINALIZES KEY
POWER Agreement includes significant optionality to

PURCHASE
expand STI Mining operations if the Company
02 decides to scale beyond the first 100MW; the
anticipated commercial operation launch date of
AGREEMENT an initial 35MW is early Q4, 2021

THROUGH Portion of the energy production for the project

PARTNERSHIP WITH 03
will be generated from captured waste gas and
converted to electricity by leveraging cutting-edge

VALIDUS POWER
mobile power plant solutions to be provided by
Validus Power Corp., which will support and
advance STI's long-term ESG objectives

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 BUYS $30M WORTH OF
NVIDIA'S CUTTING-EDGE
CRYPTOCURRENCY MINING GPU'S
Opportunity &
Ability to flexibility to
Adds
mine alternative participate in the
approx.
blockchain; DeFi market;
1600GH to
Ethereum, with a currently $39.83B in
existing
payout in locked value &
capacity
Bitcoin interest yields of up
to 50% (source)

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BILL TAI
Chairman
Bill Tai is a venture capitalist &
also the Founding
Chairman of Treasure
Data successfully acquired by
ARM Corp; Founding Chairman
of IPInfusionTokyo:4813,
Founding Chairman &
CEO iAsiaworks (IPO via
Goldman Sachs & Morgan
Stanley) & past Board Director
of 8 publicly listed companies.
BOARD OF DIRECTORS
CHRIS ELDREDGE
Director
Chris Eldredge is the former
president & CEO of DuPont
Fabros Technology (“DFT”), a
NYSE listed data center
focused real estate investment
trust. While in this role, Mr.
Eldredge repositioned the
company & established its
expansion strategy which
eventually led to its sale to
Digital Realty Trust for US$7.9
billion.
JOE FLINN
Director
Joseph Flinn joins STI
following 12 years of senior
leadership at Sysco
Corporation, where he played
an integral role as both Chief
Financial Officer of Sysco
Canada, & President of Sysco
Canada’s Eastern Division, & 2
years as President of Clarke
Freight Transportation Group,
a major national freight carrier.
JAIME LEVERTON
Director
Jaime Leverton is a highly
accomplished technology
executive & industry thought
leader with a long history of
driving high growth mandates.
With more than 20 years of
leadership in the Canadian
technology industry, she
joined STI from her most
recent role as the Chief
Commercial Officer at
eStruxture Data Centers.
SANJIV SAMANT
Director
Sanjiv Samant is a Managing
Partner at Round13 Capital
where he founded & runs the
Round13 Growth Fund,
focused on investing in later
stage Canadian growth
opportunities in technology &
healthcare.
JEREMY SEWELL
Director
Jeremy Sewell is an
accomplished & experienced
international commercial,
financial & operating
executive, with extensive
digital asset industry
experience with former CFO
roles at Bitfury Group &
Silicon Valley CBDC platform
fintech innovator eCurrency.
His career also covers audit ,
compliance & governance
expertise as a UK qualified
accountant with 10 years in
public practice in London.
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APPENDIX

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 HOW BITCOIN TRANSACTION WORK

Someone requests a Transaction broadcasted to Miners verify the

transaction P2P computers (Nodes) transaction

Transactions combined to New block added to Transaction is

form a data block existing Blockchain complete

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 THE BITCOIN ECOSYSTEM ENGINE

A system that adds transactions

A computer designed to solve a
& provides security to the Bitcoin
MINING blockchain; how new bitcoins AMINER mathematical algorithm
(i.e. the Bitcoin code)
enter the market

HOW IT WORKS

Bitcoin transactions are
pooled together in a
“block” & encrypted by
acomplex puzzle
Once a block is formed, Once solved, the The new block of For solving the puzzle,
miners compete to solve transactions are verified transactionsis miners are rewarded
the puzzle “verified” by the attached to a chain of with Bitcoin
network prior blocks, hence
Difficult to solve, yet “blockchain” Currently, 6.25 BTCper
simple to verify block/ Blocks are
(Sudoku) solved, on avg., every
10 min.
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 THE PATH TO PROFITABLE MINING

Power Costs of
(hashrate) Production
+
ANNUAL MINING PROFITABILITY

= [( )( )( )( )] – [( ) ( )( )]
STI’s hashrate Priceof Costof STI's
6.25 52,560 Priceof
Network hashrate
x BTC
x block reward
x blocks/year
+ electricity co ate
miners
expenses*
* Rent, employees, public company expense,etc.

STI • Network hash rate

STI • Its hashrate
• Price of BTC
• Cost of electricity DOESN’T
CONTROLS • Corporateexpenses
• Block reward & # of blocks/year
CONTROL • Price of miners

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 GLOSSARY
• Hodl – slang in the cryptocurrency community for holding
the cryptocurrency rather than selling it. A person who does
this is known as a Hodler.
• Average # of BTC mined each day = (Block Reward)
x (6x/hr) x (24 hrs/day) As of May 11, 2020: (6.25
BTC/Block) x (6x/hr) x (24 hrs/day) = 900 BTC per
day on avg.
• Bitcoin (BTC) – a type of digital currency in which a record
of transactions is maintained & new units of currency are
generated by the computational solution of mathematical
problems, & which operates independently of a central bank;
a unit of bitcoin
• Blockchain – a system in which a record of transactions
made in bitcoin or another cryptocurrency are maintained
across several computers that are linked in a peer-to-peer
network
• Block – a file that contains a “permanent” record of
transactions
• Mining (BTC) – the processing of transactions in the digital
currency system, in which the records of current Bitcoin
transactions, known as a blocks, are added to the record of
past transactions, known as the block chain
• Hash Rate – The Measure of a Miners Performance – # of
calculations a miner can perform in 1 second as it works to
solve the BTC code
• Block Reward – The amount of BTC “awarded/earned” for
successfully mining/verifying a block
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 GLOSSARY
Miners
• Bitcoin is “mined” by bitcoin miners. There is only a limited amount of bitcoin out there to find. The Bitcoin protocol is permanently
limited the total number of bitcoin to 21 million. Bitcoin mining involves a peer-to-peer computer interaction that secures & verifies
Bitcoin transactions. Bitcoin is awarded to miners as payment for carrying out the task of validating bitcoin transactions.
• Miners deploy the specific software & computational power at their disposal to compete with other miners in solving complex
mathematical problems. Whoever successfully uses cryptographic hash functions to solve a block containing the latest bitcoin
transaction data is rewarded with bitcoin. They also add the solved block to the blockchain, enabling the bitcoin ecosystem to
continue functioning. They key here is that the miner that solves the block first is the one who gets rewarded.
The Blockchain
• The Bitcoin ecosystem depends on the blockchain. The blockchain is the technology behind bitcoin & most other prominent
cryptocurrencies. The blockchain is a public ledger that can be accessed at any time by anyone on the Bitcoin network. The
blockchain is not stored in a central server. Instead, it is spread around the globe using a vast network of private computers that
simultaneously store data & execute computations. Each computer on the Bitcoin network serves as a node of the blockchain &
contains a copy of the entire bitcoin transaction record. Mining serves the function of adding new blocks to the blockchain, thus
keeping track of every bitcoin transaction.
• The blockchain protocol prevents problems like counterfeiting & debasement from undermining the value of bitcoin without the
intervention of a central authority.

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 GLOSSARY
Digital Wallets
• With all of the exchanges happening on the blockchain through mining, there must be a place for individuals to store their bitcoin.
Rather than holding a collection of bills, coins, & bank cards, a digital wallet can be used to store bitcoin & other cryptocurrencies.
• Unlike the blockchain, a digital wallet is exclusively controlled by its owner. There are many different types of bitcoin wallets but
they all must follow the Bitcoin protocol to send & receive funds within the network. Digital wallets can hold a multitude of assets,
whether it be fiat currencies, commodities, or cryptocurrencies.
Traders
• Traders buy & sell bitcoin using traditional currencies or other cryptocurrencies. They may trade bitcoin on exchanges or they may
work outside the exchanges as independent brokers. Traders speculate on the likelihood that bitcoin will go up or down in value in
the short term. They will buy or sell based on their speculations, & if they are right they can profit.
Merchants
• Merchants can be retailers or any other business that choose to accept bitcoin as a form of payment. The more merchants that
accept bitcoin as a form of payment, the more bitcoin is legitimized as a currency & means of exchange.

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Q4 FISCAL 2020 RESULTS

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Q4 FISCAL 2020 RESULTS

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