Hut 8 Mining Corp. announced on Monday that it has partnered with the Bitfury Group to acquire, install, maintain and operate North America’s largest bitcoin mining datacenters.
Hut 8 is a bitcoin mining company led by CEO Sean Clark that gives shareholders access to the price appreciation of bitcoin and the emerging blockchain economy.
We are excited to partner with Hut 8 to expand our activities in the strategic North America market. We believe there is a tremendous opportunity to establish North America as one of the most important crypto-currency mining hubs in the world.
Under the partnership, Bitfury will provide to Hut 8 a bitcoin mining solution comprised of a proprietary mix of hardware, software, installation and operational services.
Hut 8 intends to scale rapidly during 2018 with installed capacity set to exceed 60 MW. Hut 8 also maintains the exclusive option to get additional datacenters from Bitfury in North America.
Now, Hut 8 is offering approximately 13,200,000 shares on a private placement basis through GMP Securities L.P. Investors have the option of purchasing shares in this private placement round with bitcoin.