“We believe the strength of Hut 8’s controlled facilities business, with 680 MW currently under management, coupled with our expertise in rapid installation of mining infrastructure and good management and optimization of operations, were key points in our selection as partners for this project. “said Asher Genoot, president of Hut 8. ” Our purpose is twofold: to bring justice to Celsius’ creditors while also expanding the strength and energy of our controlled facilities business, which we anticipate will have more than 895 MW of infrastructure under our umbrella. The site is up and running.
Under the interim agreement with Celsius Mining LLC, Hut 8 will provide end-to-end development services for the Cedarvale site, and construction is expected to begin in the coming weeks. The scope of the services to be provided includes site design, engineering, financial modeling, budgeting, accounting, construction management, procurement, logistics, and RFP coordination.
About Hut 8
Cautionary Note Regarding Forward-Looking Information
This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes, but is not limited to, statements relating to the timing of the initiation of development at the Cedarvale, Texas site and the number of megawatts Hut 8 anticipates will be under management by its Managed Services business.
Statements containing forward-looking information are not past facts, but rather constitute management’s expectations, estimates and projections relating to long-term events based on certain details and assumptions at the time they were made. Although considered moderated up to Hut 8 as of the date of this press release, such advertisements are subject to threats, uncertainties, assumptions and other known and unknown points that could cause real results, activity points, real functionalities or achievements. be completely different from those of Hut 8. those expressed or implied through such forward-looking data, including, but not limited to, security and cybersecurity threats and attacks, malicious actors or botnets that gain control of the processing force in the Bitcoin network, Greater progression and acceptance of the Bitcoin network, changes in Bitcoin. difficulty of mining, loss or destruction of personal keys, higher fees for recording transactions on the Blockchain, erroneous transactions, use of a limited number of key employees, use of third-party mining pool service providers, regulatory adjustments Array classification and fiscal adjustments, impulse prices threats, frauds and failures similar to realignments of virtual assets, difficulty in downloading banking services and financing, difficulty in downloading insurance, entry permits and licenses, Internet interruptions and current geopolitical occasions, insecurity in the progression of cryptographic and algorithmic protocols, insecurity about the widespread acceptance or use of virtual assets, the inability to anticipate technological innovations, the COVID19 pandemic, climate change, the foreign exchange threat, the threat of loans and the recovery of possible losses, the threat of litigation, the threat of business integration, adjustments in market demand, adjustments in networks and infrastructure, interruption of formulas, adjustments to leasing contracts, inability to download the expected benefits of power acquisition agreements, possible interruption or suspension of power delivery to the Company’s mining sites and other similar threats to virtual asset and knowledge center activities. For a complete list of items that may also have an effect on the Company, see the “Risk Factors” segment of the Company’s filing on Form S-4 dated November 7, 2023, which can be obtained at EDGAR profile of the Company at www. sec. gov, as well as the “Risk Factors” segment of the Company’s Annual Information Form dated March 9, 2023 and other Hut 8 continuous disclosure documents located on the Company’s SEDAR+ profile at www. sedarplus. ca and under the Company’s EDGAR profile at www. sedarplus. ca. Arraysec. gov.
Hut Corp. Investor Relations
sue@hut8. io
Hut Corp. Media Relations
Erin Dermer
erin. dermer@hut8. io