Hut 8 Mining Says Continues To Make Progress On The Proposed Business Combination
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Mining and U.S. Data Mining Group, Inc. dba US Bitcoin Corp are progressing on their proposed all-stock merger. The combined company will be named 'Hut 8 Corp.' and will be a U.S.-domiciled entity.
July 17, 2023 | 10:34 am
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Hut 8 Mining is merging with U.S. Data Mining Group, Inc. dba US Bitcoin Corp in an all-stock deal. The new entity will be U.S.-based and named 'Hut 8 Corp.'
The merger of Hut 8 Mining and U.S. Data Mining Group, Inc. dba US Bitcoin Corp could potentially increase the combined company's market reach and resources. However, the impact on the stock price is uncertain as it depends on various factors such as the market's reaction to the merger, the terms of the deal, and the future performance of the combined company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100