Canadian court approves BTC miner Hut 8’s merger with USBTC
97% of Hut 8 shareholders voted to merge with USBTC, and the only holdup now is the registration of the new entity in the U.S. and USBTC shareholders’ vote.
97% of Hut 8 shareholders voted to merge with USBTC, and the only holdup now is the registration of the new entity in the U.S. and USBTC shareholders’ vote.
The two companies will now be subsidiaries under Hut 8 Corp., or New Hut, with USBTC benefiting from a strong balance sheet while Hut 8 accesses cheap power.