USBTC merger exchange ratio
Company: Hut 8
The claim, verbatim
USBTC shareholders to receive 0.6716 shares of New Hut common stock per USBTC share; approximately 44,231,514 New Hut shares to be issued
Source (primary)
Hut 8 S-4/A filed 2023-06-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “each share of Series A Preferred, Series B Preferred, Series B-1 Preferred and USBTC common stock being exchanged for 0.6716 of a share of New Hut common stock”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the 0.6716 exchange ratio and the cover registers 44,231,514 shares to be issued in the merger.
Confirmed in the source:
- Each USBTC share is exchanged for 0.6716 of a share of New Hut common stock
- Approximately 44,231,514 New Hut shares are to be issued in connection with the merger
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: “each share of Series A Preferred, Series B Preferred, Series B-1 Preferred and USBTC common stock being exchanged for 0.6716 of a share of New Hut common stock”