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 weeks after this, as Validus stopped supplying power to the facility while delivering its own default notice for payments that it claimed Hut 8 failed to make.
