Hut 8 Mining Corp. Progresses Towards Proposed Collaboration With U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC) In An All-Stock Merger, Combined Company Will Be Named "Hut 8 Corp."
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Mining Corp. (NASDAQ:HUT) is progressing towards a proposed all-stock merger with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC). The combined company will be named 'Hut 8 Corp.' and is expected to become a large scale, publicly traded Bitcoin miner with diversified revenue streams and industry leading ESG practices.
August 25, 2023 | 10:37 am
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The proposed merger between Hut 8 Mining Corp. and USBTC could potentially increase Hut 8's scale and diversify its revenue streams, which may positively impact its stock price.
The merger is expected to establish Hut 8 as a large scale, publicly traded Bitcoin miner with diversified revenue streams. This could potentially increase the company's profitability and attractiveness to investors, which may drive up its stock price.
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