Hut 8 Mining Corp. (NASDAQ/TSX: HUT) announced the completion of its business combination with USBTC, officially operating as Hut 8 Corp., a U.S.-registered entity that manages 825 MW at 11 sites energy, and has self-mining, hosting, managed services and high-performance computing capabilities.
According to the press release, New Hut common shares will trade on Nasdaq and the Toronto Stock Exchange under the ticker symbol HUT beginning on December 4, 2023. Hut 8 shareholders will receive 0.2 New Hut common shares for every Hut 8 share held, and USBTC shareholders will receive 0.6716 New Hut common shares for every USBTC share held.