Bitfury-Backed Bitcoin Miner Hut 8 Prepares to Go Public

A mining company backed by Bitfury is set to become publicly listed later this month in Canada.

Bloomberg reports that Hut 8 Mining Corp will appear on the TSX Venture Exchange, headquartered in Toronto, later this month. Back in December, Hut 8 announced that it was partnering with Bitfury in order to “acquire, install, maintain and operate North America’s largest bitcoin mining datacenters.” The listing will occur by way of a reverse takeover, through which a company acquires another that is already publicly listed.

At the time, the partnership details indicated that Bitfury would provide a suite of hardware and software tools, as well as logistical support, to fuel Hut 8’s North American expansion plans.

Indeed, Sean Clark, who leads Hut 8, described the company as “a proxy for Bitfury in North America,” positioning the move as a way to tap new funds as part of its continuing scaling efforts…

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