Hut 8 Management
Management criteria checks 0/4
Hut 8's CEO is Asher Genoot, appointed in Feb 2024, has a tenure of 1.33 years. total yearly compensation is $10.28M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 3.17% of the company’s shares, worth $57.84M. The average tenure of the management team and the board of directors is 1.1 years and 1.6 years respectively.
Key information
Asher Genoot
Chief executive officer
US$10.3m
Total compensation
| CEO salary percentage | 5.20% |
| CEO tenure | 1.3yrs |
| CEO ownership | 3.2% |
| Management average tenure | 1.1yrs |
| Board average tenure | 1.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -US$53m |
| Dec 31 2024 | US$10m | US$535k | US$339m |
| Sep 30 2024 | n/a | n/a | US$190m |
| Jun 30 2024 | n/a | n/a | US$185m |
| Mar 31 2024 | n/a | n/a | US$263m |
| Dec 31 2023 | US$2m | US$266k | US$22m |
| Sep 30 2023 | n/a | n/a | -US$69m |
| Jun 30 2023 | n/a | n/a | -US$66m |
| Mar 31 2023 | n/a | n/a | -US$89m |
| Dec 31 2022 | n/a | n/a | -US$111m |
| Sep 30 2022 | n/a | n/a | -US$32m |
| Jun 30 2022 | US$5m | US$250k | -US$32m |
Compensation vs Market: Asher's total compensation ($USD10.28M) is above average for companies of similar size in the AR market ($USD587.59K).
Compensation vs Earnings: Asher's compensation has increased whilst the company is unprofitable.
CEO
Asher Genoot (29 yo)
Mr. Asher Kevin Genoot is Chief Executive Officer of Hut 8 Corp. from February 07, 2024. He is Board Member of American Bitcoin Corp. Mr. Genoot is Co-Founder and Director at Hut 8 Corp. He was President a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 1.3yrs | US$10.28m | 3.17% $ 57.8m | |
| Co-Founder | no data | US$10.13m | 6.07% $ 110.6m | |
| Chief Financial Officer | less than a year | US$1.51m | no data | |
| Chief Legal Officer & Corporate Secretary | 1.1yrs | US$2.44m | 0.015% $ 275.1k | |
| Senior Vice President of Operations | no data | no data | 0.029% $ 525.6k | |
| Head of Investor Relations | no data | no data | 0.10% $ 1.8m |
Experienced Management: HUTD's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | no data | US$10.28m | 3.17% $ 57.8m | |
| Co-Founder | no data | US$10.13m | 6.07% $ 110.6m | |
| Independent Chairman of the Board | 1.6yrs | US$387.19k | 0.15% $ 2.7m | |
| Independent Director | no data | US$375.32k | 0.20% $ 3.6m | |
| Independent Director | 1.6yrs | US$405.92k | 0.070% $ 1.3m | |
| Independent Director | 1.6yrs | US$362.20k | 0.016% $ 288.4k | |
| Independent Director | 1.6yrs | US$393.43k | 0.011% $ 207.3k | |
| Independent Director | no data | US$397.48k | 0.25% $ 4.6m |
Experienced Board: HUTD's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/16 07:50 |
| End of Day Share Price | 2025/06/13 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hut 8 Corp. is covered by 17 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Palmer | Benchmark Company |
| Nicholas Giles | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |