Hut 8 Gets Interim Order and Filing of Management Information Circular in Connection with the Business Combination with US Bitcoin
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Mining Corp. (NASDAQ:HUT) has obtained an interim order from the Supreme Court of British Columbia in connection with its business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp. A special meeting of the holders of common shares of the company is scheduled for September 12, 2023, to approve the arrangement.
August 14, 2023 | 10:04 am
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Hut 8 Mining Corp.'s business combination with U.S. Data Mining Group, Inc. has moved a step forward with the interim order. The shareholders' approval is pending.
The interim order is a significant step towards the completion of the business combination. It indicates that the regulatory requirements are being met. However, the final decision will be made by the shareholders in the special meeting. This news is likely to have a positive impact on the stock as it shows progress in the business combination.
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