MineHub Announces Closing of Strategic Partnership with Abaxx Technologies Page 1

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2024) – MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (“MyHub” or the “Company“) is pleased to announce the completion of its strategic partnership with Abaxx Technologies Inc. (Cboe CA: ABXX) (OTCQX: ABXXF) (“Abaxx“), originally announced on August 1, 2024, under which MineHub would receive shares of Abaxx (the “Abaxx shares“) in exchange for the issuance of common stock (the “MineHub Shares“) and warrants to purchase common shares (“MineHub Warrants“) to Abaxx.

In connection with the closing of the first tranche, the Company received 109,584 Abaxx shares in exchange for the issuance of 4,166,667 MineHub shares at a fixed price of $0.30 per common share and 8,333,333 MineHub warrants (reduced from 8,600,000 as announced in the press release dated August 1, 2024) exercisable at $0.35 per MineHub share and expiring on November 15, 2024.