Hut 8 Mining Corp., a North American Bitcoin miner, has completed a merger with US Bitcoin Corp (USBTC) and rebranded as Hut 8 Corp (New Hut). The newly formed company will begin trading on the Nasdaq and Toronto Stock Exchange under the ticker symbol “HUT” by December 4. Under the merger terms, New Hut shares are issued on a 5 to 1 basis compared to Hut 8 shares. The CEO of New Hut, Jaime Leverton, described the merger as the largest in the industry and highlighted the company’s focus on future growth. Asher Genoot, President of New Hut, emphasized the company’s efficiency and its strategic positioning for the upcoming BTC halving. Hut 8 obtained approval for the merger from the Canadian Supreme Court of British Columbia in September.

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Information	Details
Geography	North America
Countries	🇨🇦 🇺🇸
Sentiment	positive
Relevance Score	1
People	Asher Genoot, Jaime Leverton
Companies	Hut 8 Mining Corp, US Bitcoin Corp, Nasdaq, New Hut, Toronto Stock Exchange (TSX)
Currencies	US Dollar, Canadian Dollar, Bitcoin
Securities	None