Nov 28, 10:07 pm
Blockworks
Bitcoin Mining Merger Between US Bitcoin Corp, Hut8 Nearing Completion
Hut 8 is expected to complete its merger with US Bitcoin Corp this week, allowing for geographic diversity and increased revenue streams. The deal, labeled as a “merger of equals,” will combine the US operations of USBTC with Hut 8’s Canadian footprint. The merger will enable the combined business to adapt to different lines of business and take advantage of market momentum.