Hut 8 completes business merger with USBTC

Hut 8 Mining Corp. (NASDAQ/Toronto Stock Exchange code: HUT) has announced a business merger with USBTC, and the merged company will be named Hut 8 Corp, with the registered entity in the United States named New Hut. Starting from the opening of trading on December 4, 2023, New Hut common stock will be traded on the NASDAQ and Toronto Stock Exchange under the stock code HUT. For every 1 share of Hut 8 stock held by Hut 8 shareholders, they will receive 0.2 shares of New Hut common stock, and for every 1 share of USBTC held by USBTC shareholders, they will receive 0.6716 shares of New Hut common stock.