Business Combination with USBTC and Hut 8 Mining Corp.
Company: Hut 8
The claim, verbatim
The Company consummated a business combination with U.S. Data Mining Group, Inc. (USBTC) and Hut 8 Mining Corp. on November 30, 2023, whereby USBTC became a wholly-owned subsidiary and USBTC shareholders exchanged their shares for Company common stock at a ratio of 0.6716 shares per USBTC share.
Source (primary)
Hut 8 SC 13D filed 2023-12-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On November 30, 2023 (the "Closing Date"), the Company consummated the previously announced business combination (the "Business Combination") pursuant to the terms of the Business Combination Agreement, dated as of February 6, 2023 (the "Business Combination Agreement") by and among the Company, U.S. Data Mining Group, Inc., a Nevada corporation ("USBTC") and Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8").”
How we checked this
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Additional evidence
confirms Hut 8 SC 13D filed 2023-12-07
Quote: “On November 30, 2023 (the "Closing Date"), the Company consummated the previously announced business combination (the "Business Combination") pursuant to the terms of the Business Combination Agreement, dated as of February 6, 2023 (the "Business Combination Agreement") by and among the Company, U.S. Data Mining Group, Inc., a Nevada corporation ("USBTC") and Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8").”