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Canada's Hut 8 Mining plans to merge with rival US Bitcoin Corp, creating a crypto mining giant in North America called Hut 8 Corp with a ~$990M market cap (Mehnaz Yasmin/Reuters)

Mehnaz Yasmin / Reuters:
Canada’s Hut 8 Mining plans to merge with rival US Bitcoin Corp, creating a crypto mining giant in North America called Hut 8 Corp with a ~$990M market cap — Canada’s Hut 8 Mining Corp. (HUT.TO) plans to merge with rival U.S. Bitcoin in an all-stock deal to create a mining giant in North America, the companies said on Tuesday.

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