ChainCatcher reported that Hut 8 announced that its Chief Commercial Officer Matt Prusak will leave on January 31, and the company will take over Celsius' five mining farms in Texas and provide "end-to-end management services". Matt Prusak will serve as the CEO of the relevant mines.

It is reported that Hut 8 has signed a four-year agreement with Celsius to promise that "in addition to the new company's restricted stock and incentive equity", Hut 8 will also pay a management fee of US$20 million each year. It is reported that Celsius invested hundreds of millions of dollars to build mining equipment before going bankrupt, and its Texas mine has a mining capacity of 12 exahash (EH/s).