Mergers and Acquisitions

Hut 8 in the sale of its Canadian cloud business to Crest Rock Partners Hut 8 in the sale of its Canadian cloud business to Crest Rock Partners

Hut 8 Corp.
Key Contact
(Ricco) A.S. Bhasin

Partner, Corporate, Toronto

Team
Alexandra Alacchi

Associate, Corporate, Toronto

Diana Windrim

Associate, Corporate, Toronto

Jameel Manji

Associate, Corporate, Toronto

Sam Ip

Partner, Technology, Toronto

Zain Hemani

Associate, Technology, Toronto

Damian Rigolo

Partner, Employment and Labour, Toronto

Jonathan Marin

Partner, Pensions and Benefits, Toronto

Lauren Graham

Associate, Pensions and Benefits, Toronto

Sean Timlick

Associate, Tax, Toronto

On September 3, 2026, Hut 8 (Nasdaq; TSX), based in Miami, announced the sale of its Canadian managed cloud business to private equity firm Crest Rock Partners via its affiliate, Opti9 Technologies. The deal was a complex carve-out transaction, while maintaining Hut 8’s data centre and colocation businesses in Canada.

Osler, Hoskin & Harcourt LLP advised Hut 8 with a team consisting of (Ricco) A.S. Bhasin, Alexandra Alacchi, Diana Windrim and Jameel Manji (Corporate); Sam Ip and Zain Hemani (Technology); Damian Rigolo (Employment and Labour); Jonathan Marin and Lauren Graham (Pensions and Benefits); and Sean Timlick (Tax).

Value
N/A
Date Announced
September 3, 2026
Lead Office
Toronto
Key Contact
(Ricco) A.S. Bhasin

Partner, Corporate, Toronto

Team
Alexandra Alacchi

Associate, Corporate, Toronto

Diana Windrim

Associate, Corporate, Toronto

Jameel Manji

Associate, Corporate, Toronto

Sam Ip

Partner, Technology, Toronto

Zain Hemani

Associate, Technology, Toronto

Damian Rigolo

Partner, Employment and Labour, Toronto

Jonathan Marin

Partner, Pensions and Benefits, Toronto

Lauren Graham

Associate, Pensions and Benefits, Toronto

Sean Timlick

Associate, Tax, Toronto