Hut 8 Provides Update on Business Combination with USBTC
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: PR Newswire
TORONTO, Sept. 19, 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 provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") will combine in an all-stock merger of equals (the "Transaction"). The combined company will be named "Hut 8 Corp." ("New Hut") and will be a U.S.-domiciled entity. The Transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance (ESG) practices.New Hut has filed a further amendment to its Form S-4 Registration Statement with the U.S. Securities and Exchange Commission (the "SEC")."We're confident that upon completion, New Hut will emerge
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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