The newly announced merger of US Bitcoin and Hut 8 Mining Corp will provide diversified revenue and help the combined business scale, according to the chief executive of the Toronto-based crypto mining company.
and Hut 8 Mining‘s Jaime Leverton will continue to act as the chief executive officer. The combined company will be named Hut 8 Corp. and will be domiciled in the U.S. “We think bringing these two entities together is just going to provide an incredible amount of scale [and] diversified revenue programs, which is very on strategy for both of us independently,” Leverton said in an interview with BNN Bloomberg Tuesday.
“One of the advantages here is [that the merger is] giving us that geographic diversification. There's uncertainty in regulatory environments on both sides of the border,” she said. Following the collapse of FTX Group in November 2022, Leverton said interest in the crypto space is beginning to return.
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