By MEDICINE HAT NEWS on February 2, 2023.
https://www.medicinehatnews.com@MedicineHatNews Hut 8 Cryptocurrency has launched a lawsuit to enforce a power deal key to its expansion in North Bay, Ont. The Bitcoin miner company that has major operations in Medicine Hat announced in late 2021 that a moth-balled natural gas power station in North Bay would be refired to power a new data-processing centre. That would be accomplished through a development agreement with Validus Power, but this fall, Hut 8 announced the project was stalled due to a contract dispute. On Jan. 26, Hut 8 provided an update, saying it has filed a statement of claim in Ontario Superior Court that asks for monetary compensation along with enforcing certain provisions in the power purchase agreement with Validus. It isn’t known whether a statement of defence has been filed. 7