Hut 8 Mining Corp. Appoints New CEO Amidst Leadership Shake-Up

Asher Genoot takes the helm following a transformative merger and a controversial short-seller report.

Hut 8 Mining Corp. announces leadership change, appointing Asher Genoot as CEO, effective immediately, replacing Jaime Leverton.
The leadership transition follows a merger with US Bitcoin Corp and comes weeks after a short-seller report labeled the company a 'pump and dump'.
Shares of Hut 8 fell as much as 8% following the CEO departure announcement.
The company defends against the short-seller report, asserting it spreads misinformation about Hut 8's operations and management.
Hut 8 aims to strengthen operations, drive profitable growth, and create lasting shareholder value under new leadership.