Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), one of North America’s leading digital asset and bitcoin mining pioneers, has announced further developments regarding its proposed all-stock merger with U.S. Data Mining Group, Inc., also known as US Bitcoin Corp (USBTC). The resulting entity from this merger will be christened “Hut 8 Corp.” and will be based in the U.S.
The primary objective of this merger is to establish Hut 8 Corp. as a major publicly traded Bitcoin miner with a focus on economical mining, diversified revenue avenues, and adherence to top-tier environmental, social, and governance (ESG) practices.
In line with this development, Hut 8 Corp. has made amendments to its Form S-4 Registration Statement, which has been filed with the U.S. Securities and Exchange Commission (SEC). Jaime Leverton, CEO of Hut 8, commented on the progress, stating, “We look forward to securing SEC clearance for New Hut’s registration statement…
