Hut 8 switches CEOs as it eyes ‘new strategic direction’ after merger

Just two months after the merger between Hut 8 and US Bitcoin Corp, the combined bitcoin miner has named a new CEO. 

Former Hut 8 president Asher Genoot — a member of the company’s board of directors — is now its new chief executive, the firm said Wednesday. He replaces Jaime Leverton, who departs the firm after working as its CEO since December 2020.

A change of leadership was “appropriate” as Hut 8 seeks to go in “a new strategic direction,” the company said in a news release.

“The merger of equals of Hut 8 and US Bitcoin Corp was a transformational moment for both companies,” Hut 8 board chairman Bill Tai added in a statement. “Hut 8 is now at a pivotal…

Read more on Blockworks

81.2K Reads