Hut 8 Obtains Supreme Court Approval for USBTC Merger

Hut 8, the Canadian Bitcoin mining firm, has received
final clearance from the Supreme Court of British Columbia to proceed with its
planned merger with US Bitcoin (USBTC), according to a report by Cointegraph.
The merger, initially announced in February 2023, will create “New
Hut,” a publicly traded U.S.-based entity.

One of the key highlights of this merger is the potential
to open up 825 megawatts of Bitcoin mining capacity, which spans six distinct
Bitcoin mining and data centre facilities. However, the closing of the merger
remains subject to a few remaining requirements, including approval from the
shareholders of USBTC.

Hut 8 anticipates that
the final transaction which formalizes the merger
Merger

A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d

A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d
Read this Term and the creation of New Hut
will occur before the end of 2023. Moreover, New Hut plans to list its shares
on the Nasdaq and Toronto stock exchanges, trading under the ticker symbol
$HUT.