Asher Genoot, the newly-appointed Hut 8 CEO, said he will focus on “creating lasting shareholder value.”
Bitcoin 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 Bitcoin (BTC) 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 the company is at a “pivotal inflection point,” as they just completed the merger with US Bitcoin Corp (USBTC). The executive added that Genoot will bring a “disciplined, proven approach” to unlock the potential of the merger.
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Source: https://cointelegraph.com/news/hut8-ceo-resign-pump-and-dump-short-seller-allegation