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Final plan order acquired from the British Columbia Supreme Court


Sep 18, 2023

Hut 8 Mining Corp., recognized as North America’s largest digital asset mining pioneer and high-performance computing infrastructure provider, is set to merge with dba US Bitcoin Corp. (USBTC) in an all-stock merger of equals. The Supreme Court of British Columbia has issued a final order approving the merger, which will create a new U.S.-based entity named Hut 8 Corp. The completion of the transaction is subject to certain conditions, including regulatory approvals and stockholder approval. The merger is expected to close in the fourth quarter of 2023, with the combined company planning to list its shares on the Nasdaq and TSX under the trading symbol “HUT”.

To receive shares of the new Hut 8 Corp., stockholders are reminded to promptly complete and sign a letter of transmittal and send it to Computershare Investor Services Inc. Additional information about the transaction and detailed instructions can be found on the company’s website.

Hut 8 is known for its expertise in building and operating computing infrastructure for Bitcoin mining, data centers, and emerging technologies. The company has seven sites, including five high-performance computing data centers in British Columbia and Ontario, and two Bitcoin mining sites in southern Alberta. Hut 8 also has a significant inventory of self-mined Bitcoin, making it one of the largest in the world.

While this press release contains forward-looking information, Hut 8 acknowledges the potential risks and uncertainties associated with such statements. Factors such as cybersecurity threats, regulatory changes, and disruptions in the mining and data center industry could impact the company’s future activities and performance. A full list of risk factors can be found in the company’s Annual Information Form.

For the completion of the merger, Hut 8 and USBTC have filed a registration statement with the U.S. Securities and Exchange Commission. Investors and shareholders are encouraged to review the materials and documents filed with regulatory authorities for more information about the transaction. This press release does not constitute an offer to sell or buy any securities and any such action would be unlawful without proper registration or qualification.

By Editor

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