By Adriano Marchese


Hut 8 said Friday that its chief commercial officer, Matt Prusak, will resign from his role at the digital-asset company to head up a new bitcoin-mining company.

Prusak's departure is part of a planned transition to the newly formed Celsius Bitcoin, where he was appointed chief executive officer in the wake of Celsius Network's bankruptcy proceedings.

Hut 8 will provide end-to-end managed services to Celsius Bitcoin.

Prusak joined Hut 8 at the end of November after serving as commercial chief of U.S. Data Mining Group, which did business as US Bitcoin, since early 2021. Hut 8 closed its merger with U.S. Data Mining Group in November.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-26-24 0714ET