Hut 8 shares climb as court approves merger with US Bitcoin Corp


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.

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You May Ask

What is the name of the new entity formed after the merger?Where will the new entity's shares be listed?What conditions does the merger still need to meet?When is the expected completion date for the merger?How many mining rigs did Hut 8 Mining transport to Texas?

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