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Hut 8 Announces Voting Results From Special Meeting
Shareholders overwhelmingly approve the Merger of Equals with US Bitcoin Corp TORONTO, Sept. 12, 2023 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX:
About this update from Hut 8 Corp.
[{"type":"text","content":"Shareholders overwhelmingly approve the Merger of Equals with US Bitcoin Corp\nTORONTO, Sept. 12, 2023 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (\"Hut 8\" or the \"Company\") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure providers, is pleased to announce that, at the Company's special meeting of shareholders held today (the \"Meeting\"), shareholders of the Company voted in favour of the resolutions approving the proposed business combination (the \"Transaction\") with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (\"USBTC\"), all as further described in the management information circular dated August 11, 2023 in respect of the Meeting (the \"Circular\").\n\n \n \n \n \n \n \n\n \n\"I am so grateful that our shareholders have overwhelmingly approved the Transaction: this successful vote is noteworthy because it reflects how engaged and supportive they are of our Merger of Equals,\" said Hut 8 CEO Jaime Leverton. \"Our focus now moves to completing the final steps necessary to complete the Transaction with USBTC and move forward as a new Hut 8 focused on economical mining and highly diversified revenue streams including from high performance computing, hosting, and managed infrastructure operations - the maintenance and management of third-party mining sites using purpose-built software.\"\nPursuant to the Transaction, Hut 8 and USBTC will combine in an all-stock merger of equals and the combined company will be named Hut 8 Corp. (\"New Hut\") and be a U.S.-domiciled entity. New Hut intends to list its shares on Nasdaq and the TSX under the trading symbol \"HUT\" following the completion of the Transaction, subject to the approval of Nasdaq and the TSX. The Transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance (ESG) practices.\nThe approval of the resolutions in respect of the Transaction were voted as follows:\nRESOLUTION\nFOR\nAGAINST\nWITHHELD/ABSTAIN\n#\n%\n#\n%\n#\n%\nApproval of the Arrangement \n53,999,833\n97.28 %\n1,511,996\n2.72 %\n0\n0.00 %\nApproval of the issuance of New Hut Shares\n53,194,836\n95.84 %\n2,306,418\n4.16 %\n0\n0.00 %\nApproval of the New Hu...