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Market News

Matt Prusak Exits Hut 8 for Key Role in Celsius BTC Mining

Hut 8 has recently taken on the responsibility of offering comprehensive managed services for Celsius Bitcoin.

Written By Dishita Malvania
Published 2024-01-26
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Matt Prusak Exits Hut 8 for Key Role in Celsius BTC Mining

On Friday, Hut 8 announced that Matt Prusak, the chief commercial officer, will be stepping down from his position at the digital asset company on January 31, 2024. He is leaving to lead a new bitcoin-mining venture. 

It’s noteworthy that Prusak, as mentioned in previous reports related to Celsius Network LLC’s bankruptcy, will be taking on the position of Chief Executive Officer at a newly established Bitcoin mining company upon its emergence. 

In his new role, Prusak will serve as the chief executive officer following the bankruptcy proceedings of Celsius Network.

Prusak, who previously held the position of Commercial Chief at U.S. Data Mining Group since early 2021, joined Hut 8 in late November. The merger between Hut 8 and U.S. Data Mining Group was completed in November.

Also Read: Celsius Shifts $1B in Ethereum To CEXs, Creditors Await Repayment

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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