Express

Bitcoin Miner Hut 8 Hires Shenif Visram as Chief Financial Officer

Tris Bell

Summary: Canadian bitcoin mining firm Hut 8 has hired Shenif Visram as its new chief financial officer (CFO), according to reports by CoinDesk. Visram, who is best known for his roles as CFO and chief operating officer (COO) at IBM’s Canadian branch, will replace Shane Downey. Like many other bitcoin mining firms, Hut 8 has had ...

Canadian bitcoin mining firm Hut 8 has hired Shenif Visram as its new chief financial officer (CFO), according to reports by CoinDesk.

Visram, who is best known for his roles as CFO and chief operating officer (COO) at IBM’s Canadian branch, will replace Shane Downey.

Like many other bitcoin mining firms, Hut 8 has had a shaky year, owing to declining crypto prices and increasing energy costs. Just in the third-quarter of this year, the firm lost C$23.7 million (US $17.4 million).

Author: Tris Bell

  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago
  • Bitcoin Surges to New Highs, Momentum Points to Further Gains 11 days ago
  • You need to login to comment.