According to TechFlow, Hut 8 announced that Chief Business Officer Matt Prusak will resign on January 31, and the company will take over Celsius' five mines in Texas and provide "end-to-end management services." Matt Prusak will become the CEO of the relevant mines.
Hut 8 has signed a four-year agreement with Celsius to pay $20 million in annual management fees for control of the mining farms, which Celsius invested hundreds of millions of dollars to build before bankruptcy, with a total mining capacity of 12 exahash (EH/s).
