Hut 8 Mining Corp HUT shares are moving Monday following the completion of its business combination last week. Here’s a look at what’s going on:
The Details:
Last Thursday, Hut 8 announced the completion of its business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp in an all-stock merger.
“As a result of the Transaction, Hut 8 common shares will cease trading on Nasdaq and the Toronto Stock Exchange (‘TSX’) prior to the open of trading on December 4, 2023. As of the open of trading on December 4, 2023, shares of New Hut common stock will trade on Nasdaq and the TSX under the ticker symbol ‘HUT’,” said the company in a press release.
“This business combination is the largest M&A transaction that has ever transpired within our industry and represents a highly strategic union of two organizations with complementary strengths, that together, will prove to equal more than the sum of their parts,” said Hut CEO Jaime…
