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New Deal


Announced

Completed

Hut 8 completed the acquisition of the data center business of TeraGo for $24m.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Domestic

cloud

Majority

Single Bidder

Data Centers and Hosting

Completed

Friendly

Acquisition

Private

Synopsis

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Hut 8, one of North America's largest, innovation-focused digital asset mining pioneers, completed the acquisition of the data center business of TeraGo, a provider of carrier-grade wireless broadband, data and voice communication services, for $24m. "As a team of Bitcoin and blockchain bulls, we are thrilled with the transformative growth opportunity this investment provides Hut 8," Jaime Leverton, Hut 8 Mining CEO.

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