Bitcoin miners Hut 8, US Bitcoin to combine in stock merger as crypto prices continue to slump

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With Bitcoin prices still suppressed, miners Hut 8 and US Bitcoin have decided to merge in a US$900 million all\u002Dstock deal. Read on.

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The combined company will have a market capitalization of about US$990 million, according to a statement on Tuesday. It will have “access to” roughly 825 megawatts of “gross energy” across six sites. US Data Mining Group Inc. is the legal name of US Bitcoin Corp. Shares of Hut 8 fell as much as 11 per cent after the announcement.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

 

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Criminals hoping for their success!

Great time to buy $HUT shares imo.

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