Published 1 year ago

Canada's Hut 8 Mining to merge with US Bitcoin to weather crypto downturn

Summary by Reuters

Canada's Hut 8 Mining Corp (HUT.TO) will merge with rival US Bitcoin Corp to create a crypto mining giant in North America, consolidating after a steep fall in valuations for the crypto sector that saw high-profile collapses in recent months.

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Reuters

Canada's Hut 8 Mining to merge with US Bitcoin to weather crypto downturn

Canada's Hut 8 Mining Corp will merge with rival US Bitcoin Corp to create a crypto mining giant in North America, consolidating after a steep fall in valuations for the crypto sector that saw high-profile collapses in recent months.

1 year ago·United Kingdom

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Winnipeg Free Press

Crypto company Hut 8 Mining signs deal to merge with US Bitcoin

Breaking News, Sports, Manitoba, Canada

1 year ago·Winnipeg, Canada

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The Toronto Star

Crypto company Hut 8 Mining signs deal to merge with US Bitcoin

TORONTO - Canadian cryptocurrency company Hut 8 Mining Corp. says it has signed a deal to merge with U.S. Data Mining Group Inc., the company behind U...

1 year ago·Toronto, Canada

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Bloomberg

Bitcoin Miners Hut 8, US Bitcoin to Combine in All-Stock Merger

Bitcoin miners Hut 8 Mining Corp. and US Bitcoin Corp. are merging in an all-stock deal after a prolonged slump in cryptocurrency prices heaped pressure on the industry.

1 year ago·United States

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The Print

Canada's Hut 8 Mining to merge with US Bitcoin

(Reuters) - Canada's Hut 8 Mining Corp. plans to merge with rival U.S. Bitcoin in an all-stock deal to create a mining giant in North America, the companies said on Tuesday. (Reporting by Mehnaz

1 year ago·New Delhi, India

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The Globe & Mail

Canada’s Hut 8 Mining to merge with US Bitcoin in bid to weather crypto downturn

The companies said the combined entity will have a market capitalization of around $990-million, and be equally owned by shareholders of both the companies

1 year ago·Canada

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