Hut 8's Merger with US Bitcoin Corp Set to Transform Bitcoin Mining Landscape
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Mining Corp. (HUT) is progressing on its 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., a U.S.-domiciled entity, and is expected to be a large scale, publicly traded Bitcoin miner with diversified revenue streams and industry leading ESG practices.
September 19, 2023 | 10:32 am
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Hut 8 Mining Corp. is merging with US Bitcoin Corp, which could potentially increase its scale and diversify its revenue streams.
The merger with US Bitcoin Corp could potentially increase Hut 8 Mining Corp.'s scale and diversify its revenue streams, which could positively impact its stock price in the short term.
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