Crypto mining just gained a prominent new player as the next Bitcoin halving approaches
As the current crypto rally continues sending Bitcoin (BTC-USD) upward, two leading companies in the space have completed a successful merger. On Nov. 30, Canadian crypto mining firm Hut 8 Mining Corp (NASDAQ:HUT) announced that it had officially joined forces with US Bitcoin Corp. This move could easily create a prominent new crypto player. Today marks the first day of trading on the Nasdaq and Toronto Stock Exchange for the newly minted HUT stock. While the previous shares of Hut 8 have been delisted from both exchanges, investors who held it will receive “0.2 of a share of New Hut common stock for every Hut 8 share held.”
What should investors expect from this new crypto stock as the rally keeps digital asset prices elevated? Let’s take a closer look at this new company and assess what its future may hold.
