CEO Of Crypto Mining Firm Denies ‘Catastrophic’ Drop In Prices Was Key To

Cryptocurrency trade FTX's crumble and average crypto marketplace turmoil have been now no longer key elements withinside the choice to merge crypto mining corporation Hut eight with US Bitcoin Corp., in step with Hut eight CEO Jamie Leverton.

In a declaration issued on Wednesday, he said: The merger of Hut eight and USBTC is a great healthy due to the fact each agencies have know-how withinside the crypto area and are dedicated to growing extra green answers for the industry.

Leverton introduced that at the same time as there are a few similarities among the 2 organisations, additionally they have robust differences. He said: We percentage comparable values and ideals however we additionally have distinct philosophies and procedures to running with customers or assisting them construct their businesses. The merger brings collectively those essential attributes from each agencies, allowing us to provide our customers even extra price than before