Business
Hut 8 Appoints New Chief Financial Officer
Shenif Visram replaces Shane Downey, effective immediately This news release constitutes a "designated news release" for purposes of the Company's prospectus
About this update from Hut 8 Corp.
[{"type":"text","content":"Shenif Visram replaces Shane Downey, effective immediately\nThis news release constitutes a \"designated news release\" for purposes of the Company's prospectus supplement dated August 17, 2022, to its short form base shelf prospectus dated August 5, 2022.\nTORONTO, Dec. 12, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), (\"Hut 8\" or the \"Company\") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, is pleased to announce the appointment of Shenif Visram, CPA, CMA as the company's Chief Financial Officer (CFO), effective immediately. With more than 20 years of financial management experience in the infrastructure and technology businesses, Shenif brings a wealth of leadership expertise working in medium and large public and private companies.\n\n \n \n \n \n \n \n\n \nShenif, who will be based in Toronto and will report to CEO Jaime Leverton, is replacing Hut 8's CFO Shane Downey, who is moving on to pursue new opportunities after 20 months with the organization.\n\"With deep financial experience at IBM Canada, Cogeco Peer 1, and Aptum Technologies, Shenif is a senior leader with excellent financial acumen and the skill set we need to lead us through the next crucial growth period at Hut 8,\" said Jaime Leverton, Chief Executive Officer of Hut 8. \"The Board and I would like to thank Shane for his dedication through a significant period of change at Hut 8, including the strategic expansion of our business into high performance computing.\"\nShenif began his finance career with IBM Canada, quickly progressing to take on CFO roles within key business units including Global Business Services, Global Technology Services, and leading as Chief Operating Officer in Global Business Services. He then moved to Cogeco Peer 1 as Vice President, Finance, before assuming the CFO role, which he led through the company's rebranding to Aptum Technologies, a multi-cloud managed services provider delivering complex, high performance computing solutions.\n\"I am incredibly energized by the opportunity to work with a team of seasoned executives with robust backgrounds in this exciting industry,\" said Shenif. \"Leveraging my previous experience in M&A and driving growth in the infrastructure technology space, I am eager to make a meaningful cont...