Signs of market recovery? Hut 8 Mining merges with US Bitcoin Corp
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.
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.
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.”
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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