Business Combination Agreement with USBTC
Company: Hut 8
The claim, verbatim
Hut 8 Mining Corp. has entered into a Business Combination Agreement with U.S. Data Mining Group, Inc. (USBTC) dated February 6, 2023, with 44,231,514 shares of New Hut common stock to be issued to USBTC shareholders.
Source (primary)
Hut 8 S-4/A filed 2023-06-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The cover page confirms the February 6, 2023 Business Combination Agreement among Hut 8, USBTC and New Hut, and that 44,231,514 shares are to be issued in the merger to USBTC stockholders.
Confirmed in the source:
- Hut 8 Mining Corp. entered into a Business Combination Agreement with U.S. Data Mining Group, Inc. (USBTC) dated February 6, 2023
- 44,231,514 shares of New Hut common stock, par value $0.01, are to be issued in connection with the merger to USBTC stockholders
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923070494/tm235928-8_s4a.htm) in full (1,355,630 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 S-4/A filed 2023-06-13
Quote: “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”