The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with regard to the Company’s proposed business combination, in which Hut 8 and U.S. Data Mining Group, Inc. dba US Bi would combine their operations, has come to an end. Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (“Hut 8” or the “Company”), one of North America (the “Transaction”). One of the requirements for the completion of the Transaction is satisfied by the passing of the waiting time under the HSR Act.
The remaining regulatory approvals, shareholder approval, court approval, and other customary closing conditions of the Transaction remain necessary for the Transaction to be completed.
About Hut 8
A team of business-building technologists, lead by Hut 8, one of North America’s top innovation-focused digital asset miners, is bullish on bitcoin, blockchain, Web 3.0, and bridging the emerging and established high performance computing worlds. Hut 8 has one of the highest capacity rates in the sector and one of the largest stockpiles of self-mined Bitcoin of any digital asset miner or publicly traded firm internationally thanks to its two active digital asset mining facilities in Southern Alberta. Hut 8 is revolutionising traditional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0. Hut 8 has over 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and predominantly emission-free sources. The first Canadian miner of digital assets to list on the Nasdaq Global Select Market was Hut 8. Hut 8 is contributing to the definition of the digital asset revolution in order to generate wealth and have a good effect on future generations as well as its shareholders.
