Hut 8’s Ontario Bitcoin Mining Operation Halted Amidst Power Disputes

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The mining company confirmed the operation is still shuttered after contractual disagreements with their power provider, Validus Power.Hut 8’s bitcoin mining operation in North Bay, Ontario has come to a standstill after a set of disagreements with its Canadian-based energy provider, Validus Power. Previously, Hut 8 notified the public of problems with Validus in November 2022, as the firm reported in its Q3 operations update that it had issued a notice of default to Validus for “failing to hit certain operational milestones.” Mining at the facility site was completely halted two w ...

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