Hut 8 Inks Deal to Build Major Bitcoin Mining Site for Celsius Network
• Hut 8 signs interim agreement to develop new 66,000 miner, 215+ MW mining site in Cedarvale, Texas • Site development connected to Celsius Network bankruptcy proceedings • Goal is to build equity with Celsius creditors and grow managed services business • Hut 8 to provide end-to-end development services for Cedarvale site • Celsius won court approval to transform into creditor-owned Bitcoin mining firm to repay customers