Posted 1/26/2024, 11:30:00 AM
Hut 8 Strikes Deal to Manage Bitcoin Mining for New Company Emerging from Celsius Bankruptcy
- Matt Prusak, Hut 8 Chief Commercial Officer, departing Jan 31 to become CEO of new bitcoin mining company emerging from Celsius bankruptcy
- Hut 8 to provide managed services for new company's TX operations, including 12 EH/s capacity across 5 sites
- Under 4-year deal, Hut 8 gets over $20M per year in fees plus equity in new company
- Hut 8 director Asher Genoot to serve on board of new company
- Context of Hut 8's recent merger with US Bitcoin Corp and selection by Celsius to support new mining operation