Marathon Digital Secures Full Control Over Two Bitcoin Mining Sites

Marathon Digital will pay Hut 8 a termination fee of $13.6 million to take over operations at two key bitcoin mining locations.

Marathon Digital to become the sole manager of bitcoin mining sites in Kearney, NE, and Granbury, TX, ending Hut 8's involvement.
The termination of Hut 8's management will allow Marathon to fully realize operational and economic benefits, including energy management and technology implementation.
Hut 8 to receive a termination fee of approximately $13.6 million, with operations transition expected by April 30.
The deal follows Marathon's acquisition of the sites as part of a $179 million cash deal, aiming to enhance its competitive edge in bitcoin mining.
Hut 8 plans an orderly transition and looks forward to future updates on its plans post-transition.