Hut 8, a Canadian Bitcoin mining company, has received final approval from the Supreme Court of British Columbia for its planned merger with US Bitcoin (USBTC). The merger, which was announced in February 2023, was subjected to regulatory and shareholder approvals. The move will allow Hut 8 to expand its footprint in the United States and strengthen its position in the Bitcoin mining industry. The company expects the merger to create synergies, increase operational efficiency, and drive greater shareholder value. Hut 8 plans to integrate USBTC’s mining assets, technology, and expertise into its operations.
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