Hut 8 will gain access to hundreds of megawatts of cheap energy through the merger, while U.S. Bitcoin Corp., known as USBTC, gains a partner with a strong balance sheet. The merger will give the new U.S.-based company access to capital and the possibility of being including in indexes in the U.S., while also diversifying the geographic distribution of mining sites across North America, the press release said.
Source: https://www.coindesk.com/business/2023/02/07/bitcoin-miners-hut-8-us-bitcoin-corp-announce-merger/?utm_medium=referral&utm_source=rss&utm_campaign=headlines