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TechFlow reported that the merger plan between Canadian Bitcoin mining company Hut 8 Mining and data mining company USBTC has been approved by the Supreme Court of Canada.
The completion of the transaction is still subject to certain outstanding requirements, including approval from USBTC shareholders. Hut 8 expects the finalization of the merger and the establishment of New Hut to be completed by the end of 2023.
Canadian Bitcoin mining company Hut 8 Mining's merger plan with USBTC has been approved by the Supreme Court of Canada. The completion of the transaction is still subject to certain outstanding requirements, including approval from USBTC shareholders. Hut 8 expects the finalization of the merger and the establishment of New Hut to be completed by the end of 2023.
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