Cryptocurrencies
Bitcoin Miner Hut 8 CEO Exits Three Weeks After Short-Seller Allegations
- Move comes after Hut 8 merged with a private mining company
- New CEO says short-seller allegations were not behind shakeup
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Hut 8 Corp., one of the largest publicly traded Bitcoin mining companies, named Asher Genoot to succeed Jaime Leverton as chief executive officer, three weeks after a short-seller released a report critical of its recent merger.
The transition is effective immediately. Genoot served as the chief operating officer and the president of US Bitcoin Corp. Miami-based US Bitcoin, which has large-scale mining facilities across the US including Texas, completed its merger with then-Canadian miner Hut 8 in late 2023.