Business Combination Agreement with U.S. Data Mining Group, Inc. (USBTC)
Company: Hut 8
The claim, verbatim
Hut 8 entered into a Business Combination Agreement dated February 6, 2023, with USBTC and New Hut, whereby Hut 8 shareholders will receive 0.2000 shares of New Hut common stock per Hut 8 share, USBTC shareholders will receive 0.6716 shares of New Hut common stock per USBTC share, and 44,231,514 New Hut common shares will be issued in connection with the merger.
Source (primary)
Hut 8 S-4/A filed 2023-07-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “a Business Combination Agreement dated February 6, 2023, by and among Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8"), USBTC and New Hut ... 44,231,514 SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE TO BE ISSUED IN CONNECTION WITH THE PROPOSED MERGER ... each common share of Hut Amalco ... will be exchanged for 0.2000 of a share of New Hut common stock ... each share of Series A preferred stock of USBTC... being exchanged for 0.6716 of a share of New Hut common stock”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Hut 8 S-4/A filed 2023-07-17
Quote: “a Business Combination Agreement dated February 6, 2023, by and among Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8"), USBTC and New Hut ... 44,231,514 SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE TO BE ISSUED IN CONNECTION WITH THE PROPOSED MERGER ... each common share of Hut Amalco ... will be exchanged for 0.2000 of a share of New Hut common stock ... each share of Series A preferred stock of USBTC... being exchanged for 0.6716 of a share of New Hut common stock”