Bitcoin miner Hut 8 Mining Corp. has provided an update on a proposed business combination under which it plans to merge.
Hut 8 and US Data Mining Group, Inc. dba US Bitcoin Corp (USBTC) will merge in an all-stock merger of equals.
The combined company will be named “Hut 8 Corp.” (New Hut) will become a registered entity in the United States.
New Hut’s Form S-4 registration statement originally submitted to the U.S. Securities and Exchange Commission (SEC) was declared effective by the SEC on November 9.