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The Bitcoin mining industry will see a major shift as Hut 8 and USBTC unite to create 'New Hut,' a new entity in the industry. This strategic merger is underlined by two key attributes:

1) Revenue diversification with multiple lines of revenue reducing BTC exposure, such as Data Center and Energy Management

2) The potential take over of the Celsius mining division (Fahrenheit), bolstering managed capacity with additional 300 MW

Dive into our update for deeper insights into how the merger is reshaping the mining industry.


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