Hut 8 Corp. (HUT) has negotiated an agreement with the new owners of two of Hut 8’s managed services sites – Charlie in Kearney, Nebraska, and Delta in Granbury, Texas – which includes a $13,568,000 payment made to Hut 8 in connection with the termination of the property management agreements at the two sites. Under the termination agreement signed January 30, 2024 with Marathon Digital (MARA), Hut 8 will continue to provide managed services and conduct self-mining activities at the Charlie and Delta sites through April 30. The termination fee will be paid within 30 days of the termination date.
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