Fasken advised the Bitfury Group (Bitfury) in its partnership with Hut 8 Mining Corp. (Hut 8) to acquire, install, maintain and operate North America’s largest bitcoin mining datacenters.
Bitfury, the world’s leading full-service blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem, will exclusively provide to Hut 8 a bitcoin mining solution comprised of a proprietary mix of hardware, software, installation and operational services.
Bitfury’s market share, unmatched computing power, ability to scale, and board of experienced directors will offer Hut 8 an extreme advantage in a competitive marketplace. Upon completion of the partnership, Hut 8 will own and operate what is believed to be the largest cryptocurrency mining farm in North America.
The Fasken team that advised Bitfury in this partnership was led by Neil Kravitz and included Sebastien Bellefleur, Mike Stephens, Geoff Pedlow and Ariel Laver
