Canada’s Hut 8 Mining Corp. announced Tuesday that it plans to merge with US Bitcoin Corp. in an all stock deal to create a mining company in North America.
Both companies’ Boards of Directors have approved a definitive business merger agreement. Hut 8 Corp. will be the name of the combined entity.

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According to a press release dated February 7, Hut 8 Mining Corp., an internationally-listed crypto mining company based in Canada, will merge with US Bitcoin Corp.

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Jaime Leverton is the CEO of Hut 8.
“Our track record of creating shareholder wealth through strategic acquisitions and organic growth, while keeping a balance sheet first approach, has placed us perfectly to propel our growth trajectory through this business combination.”
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After the merger, the new company will be listed on both the Toronto Stock Exchange (TSX) and Nasdaq. Hut 8 Corp. will be a leader in ESG and economical mining.

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