Hut 8 Mining and USBTC merger approved by the court, transaction expected to be completed in the fourth quarter

ChainCatcher news, Hut 8 Mining and USBTC merger has been approved by the Supreme Court of British Columbia. Hut 8 and USBTC will merge through an all-stock equal merger, and the merged company will be named Hut 8 Corp. ("New Hut") and will become a registered entity in the United States.

Hut 8 expects the transaction to be finalized in the fourth quarter, after which the new company plans to list on NASDAQ and the Toronto Stock Exchange, pending approval.