Asher Genoot, the newly-appointed Hut 8 CEO, said that he will focus on “creating lasting shareholder value.”
Bitcoin (BTC) mining firm Hut 8 announced a leadership transition, replacing its CEO weeks after “pump-and-dump” allegations against the company were published by the controversial short-selling firm JCapital Research.
On Feb. 7, the Miami-based mining company published a press release saying that its former CEO Jaime Leverton will depart from his position. Asher Genoot, the president and a member of the company’s board of directors, will replace the now-former executive.
Bill Tai, Chairman of the Board of Hut 8, said in the announcement that Hut 8 is at a “pivotal inflection point” as they just completed the merger with U.S. Bitcoin Corp (USBTC). The executive added that Genoot will bring a “disciplined, proven approach” to unlock the potential of the merger.
