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Bit Digital Removes CEO For Not Participating In 'Bitcoin Mining Operations,' Elects New Chairman

February 3, 2021 2:45 pm
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Bit Digital Removes CEO For Not Participating In 'Bitcoin Mining Operations,' Elects New Chairman
  • Bit Digital, Inc. (NASDAQ: BTBTappointed CFO Erke Huang as the interim CEO and initiated a search for the new CEO after removing former CEO Min Hu for non-participation in its bitcoin mining operations. Hu will continue as an independent director.
  • Independent director Zhaohui Deng was elected as the Chairman after current Chairwoman Ping Liu resigned for "personal health reasons."
  • Hong Yu resigned as the Chief Strategy Officer and director to pursue other opportunities.
  • The company appointed two senior corporate strategy consultants in the U.S. to be named senior executives upon a transition period.
  • Price action: BTBT shares are trading higher by 3.83% at $19.28 on the last check Wednesday, after hitting a day high of $20.67.

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