Hut 8’s CEO Departs; Asher Genoot Takes the Helm

by Jeremy

Following the merger of equals between Hut 8 Corp.
and US Bitcoin Corp, the famend blockchain infrastructure firm has
introduced a management transition. Asher Genoot, beforehand the President and a
Board member, has stepped into the position of Chief Govt Officer, succeeding
Jaime Leverton.

Asher Genoot, serving as President and Director
since November 2023, brings a wealth of expertise to his new position. Beforehand the Co-Founder and President of U.S. Knowledge Mining Group, Inc., generally known as US Bitcoin
Corp, Genoot led a venture-backed non-public bitcoin mining firm.

His monitor report features a 730 MW portfolio throughout
knowledge facilities in Texas, Nebraska, and New York as of December 2022. The merger
has set the stage for a brand new strategic path, and Genoot’s appointment
signifies an important step in realizing the immense potential inside the mixed
firm.

Invoice Tai, the Chairman of the Board of Hut 8,
highlighted the transformative nature of the merger, emphasizing the necessity for a
disciplined and confirmed method, which Genoot is predicted to convey to the
desk.

Tai stated: “Hut 8 is now at a pivotal inflection
level, and we imagine that Asher is uniquely certified to speed up our path
to market management. There’s super potential within the mixed Firm,
and the Board is assured that Asher will convey a disciplined, confirmed method
to unlock this potential.”

About Hut 8

Hut 8 Corp., headquartered in Miami, Florida, stands
on the intersection of infrastructure and power by way of Bitcoin mining,
managed companies, power arbitrage, and conventional knowledge heart operations. The
firm’s portfolio spans computing knowledge facilities throughout British Columbia and
Ontario and Bitcoin mining and internet hosting websites in Alberta, New York,
Nebraska, and Texas.

Following the merger of equals between Hut 8 Corp.
and US Bitcoin Corp, the famend blockchain infrastructure firm has
introduced a management transition. Asher Genoot, beforehand the President and a
Board member, has stepped into the position of Chief Govt Officer, succeeding
Jaime Leverton.

Asher Genoot, serving as President and Director
since November 2023, brings a wealth of expertise to his new position. Beforehand the Co-Founder and President of U.S. Knowledge Mining Group, Inc., generally known as US Bitcoin
Corp, Genoot led a venture-backed non-public bitcoin mining firm.

His monitor report features a 730 MW portfolio throughout
knowledge facilities in Texas, Nebraska, and New York as of December 2022. The merger
has set the stage for a brand new strategic path, and Genoot’s appointment
signifies an important step in realizing the immense potential inside the mixed
firm.

Invoice Tai, the Chairman of the Board of Hut 8,
highlighted the transformative nature of the merger, emphasizing the necessity for a
disciplined and confirmed method, which Genoot is predicted to convey to the
desk.

Tai stated: “Hut 8 is now at a pivotal inflection
level, and we imagine that Asher is uniquely certified to speed up our path
to market management. There’s super potential within the mixed Firm,
and the Board is assured that Asher will convey a disciplined, confirmed method
to unlock this potential.”

About Hut 8

Hut 8 Corp., headquartered in Miami, Florida, stands
on the intersection of infrastructure and power by way of Bitcoin mining,
managed companies, power arbitrage, and conventional knowledge heart operations. The
firm’s portfolio spans computing knowledge facilities throughout British Columbia and
Ontario and Bitcoin mining and internet hosting websites in Alberta, New York,
Nebraska, and Texas.

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