According to official news, Bitcoin mining company Hut 8 Mining disclosed that its proposed merger with US Bitcoin Corp (USBTC) has been announced by the US SEC as effective. The combined company will be named "Hut 8 Corp." (New Hut) and become a U.S.-registered entity.
Upon completion of the transaction, New Hut's common shares are expected to be listed on Nasdaq and the Toronto Stock Exchange under the symbol HUT. The transaction is expected to close on November 30, 2023, subject to USBTC shareholder approval and other customary closing conditions.