Hut 8 shares climb as court approves merger with US Bitcoin Corp
CryptoSlate
18 Sep 2023 5:40 PM
A Canadian court has approved Hut8 and US Bitcoin Corp proposed merger plans, according to a new statement....
- The Canadian Supreme Court of British Columbia has approved the merger plans between Hut 8 Mining Corp. and US Bitcoin Corp.
- Hut 8 Mining shares increased by nearly 5% following the news.
- The merger will create a new publicly traded U.S. entity called "Hut 8 Corp" or "New Hut."
- New Hut shares will be listed on the Nasdaq and Toronto Stock Exchanges.
- The merger is subject to certain conditions, including the approval of USBTC's stockholders.
- The deal is expected to be complete by the fourth quarter of this year.
The overall sentiment of the article is positive, as it highlights the approval of the merger between Hut 8 Mining Corp. and US Bitcoin Corp., leading to an increase in Hut 8 Mining shares.