Hut 8 Sells Managed Cloud Business to Opti9
Hut 8 has sold its Canadian managed cloud business to Opti9 Technologies, a privately held Canadian company specializing in cloud and cybersecurity services. The acquisition is expected to expand Opti9's presence across multiple data center locations in Canada. Hut 8 did not disclose the financial terms of the deal but noted that it aligns with strategic priorities focused on its core cryptocurrency mining operations. The transaction reflects a shift by Hut 8 toward concentrating resources and capital within its primary business segments, while Opti9 gains access to additional infrastructure assets. The move is seen as beneficial for both companies in their respective markets.
Tickers: $HUT
Topics: acquisition cloud services cybersecurity