November 2023 merger of Legacy Hut and USBTC
Company: Hut 8
What the later record shows
Not a promise: a reported event · happened November 30, 2023
In 2026 the company described a merger that had already been completed in November 2023. A later proxy confirms it was completed on November 30, 2023.
“On November 30, 2023, the Business Combination was completed and Hut 8 Corp. began trading on the Nasdaq Stock Exchange LLC (“Nasdaq”) on December 4, 2023.”
2026-04-27 · Hut 8 DEF 14A filed 2026-04-28 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Hut 8 was formed following the November 2023 merger of Hut 8 Mining Corp. (Legacy Hut) and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. (USBTC)
Source (primary)
Aliko v. Tai — Entry #34: AMENDED COMPLAINT Verified Consolidated Shareholder Derivative (Redacted) against Joseph Flinn, Asher Genoot, Alexia Hefti, Mike Ho, Hut 8 Corp., Jamie… (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “Hut 8 was formed following the November 2023 merger of Hut 8 Mining Corp. ("Legacy Hut") and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. ("USBTC") (the "Merger").”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
Paragraph 3 of the complaint states this nearly word for word, and paragraph 58 gives the closing date as November 30, 2023.
Confirmed in the source:
- Hut 8 was formed following a November 2023 merger
- The merger combined Hut 8 Mining Corp. (Legacy Hut) and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. (USBTC)
What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.flsd.663463/gov.uscourts.flsd.663463.34.0.pdf) in full (96,045 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Aliko v. Tai — Entry #34: AMENDED COMPLAINT Verified Consolidated Shareholder Derivative (Redacted) against Joseph Flinn, Asher Genoot, Alexia Hefti, Mike Ho, Hut 8 Corp., Jamie…
Quote: “Hut 8 was formed following the November 2023 merger of Hut 8 Mining Corp. ("Legacy Hut") and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. ("USBTC") (the "Merger").”