According to Foresight News, the merger between Hut 8 Mining and USBTC has been approved by the Supreme Court of British Columbia. The two parties will merge through an all-stock merger of equals. The merged company will be named Hut 8 Corp. ("New Hut") and become an entity registered 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 the Nasdaq and Toronto stock exchanges, subject to approvals.
