Hut 8 CCO will resign and take over Celsius company 5 mining farms

Hut 8 CCO will resign and take over Celsius company 5 mining farms


Hut 8 announced that chief commercial officer Matt Prusak will leave the company on January 31. The company will take over Celsius’ five mining farms in Texas and provide “end-to-end management services,” with Matt Prusak serving as CEO of the relevant mining farms. It is reported that Hut 8 has signed a four-year agreement with Celsius and promises that "in addition to the restricted stock and incentive equity of the new company," Hut 8 will also pay an annual management fee of $20 million. Celsius invested hundreds of millions of dollars in building mining equipment before bankruptcy, and its Texas mine has a mining capacity of 12 exahash (EH/s).

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