Hut 8 Appoints New Board Chair

Bitcoin (CRYPTO: $BTC) miner turned information centre relation Hut 8 (NASDAQ: $HUT) has appointed a caller seat to its committee of directors. 

E. Stanley O'Neal has been named committee seat astatine Hut 8. His assignment is effectual immediately, according to the company. 

O'Neal has served arsenic an autarkic manager connected Hut 8's committee since November 2023. As committee chair, helium succeeds William Tai, who volition proceed arsenic a committee subordinate going forward. 

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O'Neal antecedently served arsenic Chief Executive Officer (CEO) of brokerage Merrill Lynch from 2002 until 2007.

Additionally, O'Neal antecedently served connected the committee of U.S. Data Mining Group from March 2021 done its merger with Hut 8. He besides antecedently served connected the committee of General Motors (NYSE: $GM) from 2001 to 2006.

At Hut 8's caller yearly meeting, 8 committee members were elected and O'Neal's assignment arsenic committee seat was approved by shareholders. 

Hut 8 is simply a Bitcoin miner that has been shifting its absorption to artificial quality (A.I.) and high-performance computing (HPC) information centres successful caller years. 

The company's banal has been ripping higher arsenic it signs information centre deals with hyperscalers specified arsenic Nvidia (NASDAQ: $NVDA) and Alphabet (NASDAQ: $GOOGL).

HUT banal is up 544% implicit the past 12 months and trading astatine $118.86 U.S. per share.