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Bitcoin Mining Firm Hut 8 Appoints Jaime Leverton as CEO

Interim CEO Jimmy Vaiopoulos will return to his role as CFO.

Updated Sep 14, 2021, 10:26 a.m. Published Nov 2, 2020, 4:22 p.m.
Jaime Leverton
Jaime Leverton

Publicly traded mining company Hut 8 announced Jaime Leverton as its new CEO Monday, set to replace interim CEO Jimmy Vaiopoulos on Dec. 1.

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  • Former CEO Andrew Kiguel stepped down in late April and then-CFO Vaiopoulos was elevated on a temporary basis while the company's board of directors searched for a permanent replacement. With Leverton's appointment, Vaiopoulos will return to his prior role for the Toronto-based company.
  • Leverton is joining Hut 8 from her current position at eStruxture Data Centers, where she's chief commercial officer. From Leverton's LinkedIn profile, it appears her role at Hut 8 will be her first position in the cryptocurrency industry.

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Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.

What to know:

  • Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
  • Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
  • $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.