Following the merger of equals between Hut 8 Corp. and US Bitcoin Corp, the renowned blockchain infrastructure company has announced a leadership transition. Asher Genoot, previously the President and a Board member, has stepped into the role of Chief Executive Officer, succeeding Jaime Leverton.

Asher Genoot, serving as President and Director since November 2023, brings a wealth of experience to his new role. Previously the Co-Founder and President of U.S. Data Mining Group, Inc., known as US Bitcoin Corp, Genoot led a venture-backed private bitcoin mining company.

Navigating Leadership Transition Post-Merger

His track record includes a 730 MW portfolio across data centers in Texas, Nebraska, and New York as of December 2022. The merger has set the stage for a new strategic direction, and Genoot's appointment signifies a crucial step in realizing the immense potential within the combined company.

Bill Tai, the Chairman of the Board of Hut 8, highlighted the transformative nature of the merger, emphasizing the need for a disciplined and proven approach, which Genoot is expected to bring to the table.

Tai said: "Hut 8 is now at a pivotal inflection point, and we believe that Asher is uniquely qualified to accelerate our path to market leadership. There is tremendous potential in the combined Company, and the Board is confident that Asher will bring a disciplined, proven approach to unlock this potential."

About Hut 8

Hut 8 Corp., headquartered in Miami, Florida, stands at the intersection of infrastructure and energy through Bitcoin mining, managed services, energy arbitrage, and traditional data center operations. The company's portfolio spans computing data centers across British Columbia and Ontario and Bitcoin mining and hosting sites in Alberta, New York, Nebraska, and Texas.