Hut8 Mining operates as US-domiciled entity following USBTC merger

Amid the delisting and relisting process, Hut8 shareholders received 0.2 of a share of New Hut common stock for every one Hut 8 share held, an official announcement confirmed.

Crypto mining companies Hut 8 Mining Corp.

Canada-based Hut 8 announced the completion of the merger on Nov.

The merger will result in the delisting of Hut 8 common stocks from the Toronto Stock Exchange and Nasdaq by or before Dec.

Asher Genoot, president of New Hut, revealed the company’s plan to ready itself for the upcoming Bitcoin (BTC) halving.

Hut8 received final clearance from the Supreme Court of British Columbia to merge with USBTC in September. However, the planning process began in February.

At the time, the merger was subject to court and regulatory approval by U.S. The dispute was settled on April 7.

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