Posted 12/4/2023, 3:45:32 PM
Hut 8 Mining Soars to 52-Week High After Merger Creates Leading Bitcoin Miner
- Hut 8 Mining completed a business combination with US Bitcoin Corp last week, ceasing trading on Nasdaq and TSX under current ticker and will trade under "HUT" starting Dec 4
- The merger is the largest M&A deal ever in the bitcoin mining industry, combining strengths of both companies
- Hut 8 has one of the highest bitcoin mining capacity rates globally and holds more self-mined bitcoin than any other publicly traded miner
- Hut 8 shares hit a new 52-week high of $12.02 on Monday, trading well above 50-day moving average of $2.02
- Hut 8 shares were trading at $10.89 at time of publication on Monday after bitcoin roared past $41.5K