Two leading Canadian-based Bitcoin (BTC) miners Hut 8 and US Bitcoin Corp. announced that it would merge with (USBTC).
In the press release released by Hut 8, the newly established Bitcoin mining together with USBTC partner of the company will be stated. Both companies “Hut 8 Corp” on the newly established company called 50% While it is stated that the partnership will have a share both sides It was underlined that he recognized various privileges.
Thanks to the Hut 8 deal 825 While reaching megawatts (MW) of energy capacity, it also significantly reduces energy costs. it will drop. But one-fifth of the company is in Hut 8 Corp. consolidated will be. On the other hand, USBTC gains a partner with a strong balance sheet. to new capital access and join indices will get the right
Hut 8 CEO Jaime Leverton said that this move is one of the Bitcoins that the company has kept in its treasury for a long time and that is not under any mortgage. opportunity to benefit he said he gave. mid-term operations finance part of the Bitcoin he mined in order to will sell The company stated that after meeting the requirements to USBTC, 6.5 million pledged to provide secure transition financing of up to
Hut 8 CEO Leverton while leading the new company USBTC CEO Shenif Visra CFO will be appointed as from Hut 8 Bill Thai While fulfilling his presidency, he took part in USBTC. Asher Genoot And Michael Ho and respectively minister And chief strategy officer will be.
Although the agreement has been completed by the companies stockholders And court approval It will be official later. Leverton said in a press release that the partnership will end in 2023. towards the end of the second quarter He expressed hope that it would be completed.
on the other hand Hut 8 shares since the announcement of the news 9% depreciating 2.17 declined to the dollar level.