Hut 8 Mining's CEO on merger with US Bitcoin - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The newly announced merger of US Bitcoin and Hut 8 Mining Corp will provide diversified revenue and help the combined business scale, according to the chief executive of the Toronto-based crypto mining company.

and Hut 8 Mining‘s Jaime Leverton will continue to act as the chief executive officer. The combined company will be named Hut 8 Corp. and will be domiciled in the U.S. “We think bringing these two entities together is just going to provide an incredible amount of scale [and] diversified revenue programs, which is very on strategy for both of us independently,” Leverton said in an interview with BNN Bloomberg Tuesday.

“One of the advantages here is [that the merger is] giving us that geographic diversification. There's uncertainty in regulatory environments on both sides of the border,” she said. Following the collapse of FTX Group in November 2022, Leverton said interest in the crypto space is beginning to return.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hut 8 Mining’s merger with US Bitcoin brings revenue diversification: CEO - BNN BloombergThe newly announced merger of US Bitcoin and Hut 8 Mining Corp will provide diversified revenue and help the combined business scale, according to the chief executive of the Toronto-based crypto mining company.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bitcoin miners Hut 8, US Bitcoin to combine in stock merger as crypto prices continue to slumpWith Bitcoin prices still suppressed, miners Hut 8 and US Bitcoin have decided to merge in a US$900 million all\u002Dstock deal. Read on. Great time to buy $HUT shares imo. Criminals hoping for their success!
Source: financialpost - 🏆 7. / 85 Read more »