Bitcoin mining company Hut 8 has completed its merger with USBTC, and its U.S. entity Hut 8 Corp is officially in operation
ChainCatcher news, Bitcoin mining companies Hut 8 Mining Corp. and US Bitcoin Corp (USBTC) have completed a merger through an all-stock equal merger, establishing a new entity registered in the United States, named Hut 8 Corp (New Hut).After the merger, Hut 8 common shares will be delisted from the Toronto Stock Exchange and NASDAQ on or before December 4. New Hut common shares will replace them, with the stock code "HUT". During the delisting and relisting process, Hut 8 shareholders will receive 0.2 shares of New Hut common stock for each share of Hut 8 common stock they hold. USBTC shareholders will receive 0.6716 shares of New Hut common stock for each share of USBTC equity they hold.
