Hut 8 Provides Update on Business Combination with USBTC TORONTO, November 8, 2023 -
Hut 8 Mining Corp. , one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp will combine in an all-stock merger of equals . The combined company will be named "Hut 8 Corp." and will be a U.S.-domiciled entity. The Transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance practices. New Hut has filed a further amendme...