Hut 8 signs deal with U.S. firm

Canadian cryptocurrency company Hut 8 Mining Corp. says it has signed a deal to merge with U.S. Data Mining Group Inc., the company behind US Bitcoin Corp. The combined company will be named Hut 8 Corp. The deal will see shareholders of Hut 8 receive 0.2 of a share for each Hut 8 share they own, while shareholders of USBTC will receive 0.6716 of a share for each USBTC share they hold.