US Bitcoin Corp (merged with Hut 8)

🔔 News alert: US Bitcoin Corp and Hut 8 have announced a merger of equals, with a plan to establish a new Hut 8 as a large-scale publicly traded Bitcoin miner with expected: - 5.6 EH/s installed self-mining capacity at five sites across North America - 220 MW of hosting infrastructure at King Mountain, Texas site - Managed infrastructure operations powered by 680 MW of managed infrastructure operations at Kearney, Nebraska; Granbury, Texas; and King Mountain, Texas sites We believe this agreement enhances the trajectory of our business, diversifies our revenue streams, and creates a new entity led by a strengthened, proven, and trusted senior leadership team with a track record of value creation across North America. Read the full release here: https://lnkd.in/gdx22zRg Read the transaction deck here: https://bit.ly/hut8pre And the fine print, below: Additional information about the transaction and where to find it In connection with the transaction, that, if completed, would result in new Hut 8 becoming a new public company, new Hut 8 is expected to file a registration statement on Form S-4 (the “Form S-4”) with the U.S. Securities Exchange Commission (the “SEC”). USBTC and Hut 8 urge investors, shareholders, and other interested persons to read, when available, the Form S-4, including any amendments thereto, the Hut meeting circular, as well as other documents to be filed with the SEC and documents to be filed with Canadian securities regulatory authorities in connection with the transaction, as these materials will contain important information about USBTC, Hut, new Hut 8 and the transaction. New Hut 8 also has, and will, file other documents regarding the transaction with the SEC. This press release is not a substitute for the Form S-4 or any other documents that may be sent to Hut’s shareholders or USBTC's stockholders in connection with the transaction. Investors and security holders will be able to obtain free copies of the Form S-4 and all other relevant documents filed or that will be filed with the SEC by new Hut 8 through the website maintained by the SEC at www.sec.gov or by contacting the investor relations department of Hut 8 at info@hut8.io and of USBTC at info@usbitcoin.com. No Offer or Solicitation This post is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”) or in a transaction exempt from the registration requirements of the Securities Act.

The Crypto Council for Innovation published a report on #ProofofWork and the energy transition in time for #NYClimateWeek and #UNGA! The report "Proof of Work & Enabling the Energy Transition" highlights 5 case studies on leading sustainable #bitcoin miners and how they are decarbonizing and supporting the grid: 1️⃣ Crusoe: Through their innovative Digital Flare Mitigation, Crusoe is avoiding #methane emissions, which the Environmental Defense Fund points out is one of the most critical levers to stop climate change. 2️⃣ CleanSpark: A leader in both sustainable energy use and efficiency through immersion cooling, CleanSpark is able to support the grids in which it operates while overclocking it's machines according to Executive Chairman S. Matthew Schultz. 3️⃣ TeraWulf : Boasting some of the lowest energy costs in the global industry, TeraWulf is a vertically integrated miner that is also a leader in the use of nuclear power, and according to CEO Paul B. Prager, creates a mutually beneficial relationship by providing stability to the grid. 4️⃣ Lancium: The 1st company to meet ERCOT's Controllable Load Resource requirements (CLR), Lancium's software can help bitcoin miners perfectly complement the intermittency of renewable energy, preventing fossil peaker plants from coming online and avoiding emissions. 5️⃣ US Bitcoin Corp: With sites in Texas, Nebraska, and New York, US Bitcoin Corp focused on deploying infrastructure in a way that provides grid reliability and to help bring down the costs of variable renewable energy. Aspen Creek Digital Corporation CEO Alexandra DaCosta points out that in order to meet clean energy targets, the US will need to overbuild variable renewable energy capacity. Some industry initiatives such as Block's Bitcoin Clean Energy Initiative seeks to support green energy bitcoin mining projects. Read the full report here 👉 https://lnkd.in/eMjmVgYr #BitcoinMining #renewableenergy #BTC #ESG #sustainability #digitalasset #crypto #BitcoinETF #ETF