All Articles

The World's Biggest Bitcoin Mining Merger is Now Complete

December 5, 2023
x min read

Two of the largest companies in Bitcoin mining have officially become one.

What’s happening:

  • Toronto based Bitcoin mining company Hut8 (NASDAQ: HUT) has successfully completed their merger with US Bitcoin
  • The new merger between Hut8 and US Bitcoin marks the largest merger ever in the history of Bitcoin mining companies

Why it matters:

  • The newly combined entity is not only one of the largest publicly traded Bitcoin mining companies but also a significant operator in high performance computing

Going deeper:

  • Hut8 now has Bitcoin mining operations in British Columbia, Alberta, Ontario, Texas, New York and New England
  • Hut8 will also expand their capacity for cloud computing for artificial intelligence workloads and machine learning models at their data centres in Canada

By the numbers:

  • The new combined entity has access to approximately 825 megawatts of total energy across all its data centres
  • Hut8 now has 253,683 total miners across all of their operations
  • The market capitalization for Hut8 now exceeds more than $2B USD

Discover what’s next. The world’s biggest ideas, disruptive trends, most exciting early stage companies and groundbreaking entrepreneurs.

By clicking Subscribe you're confirming that you agree with our Privacy Policy.
Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Oops! Something went wrong while submitting the form.