Hut 8 Provides Update on Business Combination with USBTC: Obtains Final Order for Plan of Arrangement from the Supreme Court of British Columbia
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: PR Newswire
TORONTO, Sept. 18, 2023 /PRNewswire/ -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure providers, is pleased to announce that, in connection with its previously announced business combination (the "Transaction") with U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") to be effected by way of a court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia), the Supreme Court of British Columbia has issued a final order approving the Arrangement. Pursuant to the Transaction, Hut 8 and USBTC will combine in an all-stock merger of equals and the combined company will be named Hut 8 Corp. ("New Hut") and be a U.S.-domiciled entity. Closing of the Transaction remains subject to certain conditions, including USBTC's registration statement becoming effective, the approval of USBTC's stockh
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HUT
News
- Hut 8 (NASDAQ:HUT) had its price target raised by analysts at Keefe, Bruyette & Woods from $30.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "overweight" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Craig Hallum.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $65.00 price target on the stock.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock.MarketBeat
HUT
Earnings
- 11/4/25 - Beat
HUT
Sec Filings
- 11/4/25 - Form 4
- 11/4/25 - Form 4
- HUT's page on the SEC website