Hut 8 announces change to Senior Management starting on April 26th, 2021
Hut 8 Mining Corp (OTC:HUTMF/TO:HUT) is one of North America’s oldest, largest, and most innovative bitcoin miners. Their operation is powered by gas, wind, and green energy. Enduring the hard winters of Canada has a plus, they have alot of money and energy on cooling systems to keep those data centers cool.
As of the moment of this writing, they have a total mining capacity of 1073PH/s (Petahashes per second), making them a leading company in the space.
Chief Financial Officer is stepping down, to be replaced on April 26th
Hut 8 announced today that it will welcome Shane Downey, CPA, CA as the incoming Chief Financial Officer, succeeding Jimmy Vaiopoulos, who is stepping down from his position but will continue to serve the company in an advisory role.
I am excited at the prospect of joining the impressive management team at Hut 8 as the Company continues to execute on its strategy. I believe the Company is well-positioned to deliver on its objectives, including continued diversification of revenue streams.Shane Downey CPA, CA as the incoming Chief Financial Officer of Hut 8 Mining Corp.
Mr. Vaiopoulos has entered into a twelve-month agreement with Hut 8 Mining to assist with the transition to Shane Downey as Hut 8’s new Chief Financial Officer and to serve as an ongoing advisor to the team on financial matters, ensuring a seamless transition from his previous role as Chief Financial Officer.
About Hut 8
Hut 8 has one of the highest installed capacity rates in the industry and is #1 globally in held, self-mined Bitcoin of any crypto miner or publicly traded company. Recently ranked 11th (of 10,000) on the 2021 OTCQX® Best 50, and the first publicly traded miner on the TSX.
The Hut 8 leadership team is continually looking for ways to accelerate innovation in high-performance computing, and the blockchain ecosystem.
They are stewards of powerful, industry-leading solutions, and drivers of innovation in digital asset mining and high-performance computing. – Hut 8 applies a growth mindset to our revenue diversification, ESG, and carbon footprint reduction strategy. They are committed to growing shareholder value regardless of BTC market direction.