Engel Law PLLC is investigating whether fair value to Hut 8 Mining Corp. (NASDAQ: HUT) shareholders will result from the proposed merger between Hut 8 and U.S. Data Mining Group, Inc. (“USBTC”), forming a new company to be named “Hut 8 Corp.” (“New Hut”), pursuant to which shareholders of Hut 8 will receive, for each Hut 8 share, 0.2 of a share of New Hut common stock, and stockholders of USBTC will receive, for each share of USBTC capital stock, 0.6716 of a share of New Hut common stock.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.