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Hut 8 has completed its brand repositioning, strengthening its "power-first, platform-led" strategic positioning.
According to Deep Tide TechFlow news, on July 16, Hut 8 (NASDAQ | TSX: HUT) today announced the completion of its corporate rebranding, closely aligning its external image with the "power-first, platform-led" business model. Since merging with US Bitcoin Corp in November 2023, the company has achieved several strategic breakthroughs under CEO Asher Genoot's leadership: expanding the energy infrastructure platform to 15 facilities with a total capacity of 1,020MW; establishing 10,800MW power procurement channels; advancing AI data center projects, including the Riverbend facility in Louisiana; restructuring its Bitcoin mining business into a separate entity called American Bitcoin; and increasing institutional investor ownership from 12% to 55%.