After the merger of Hut 8 and US Bitcoin Corp, the new CEO acknowledges that regaining shareholder trust is a difficult task. The company’s priorities leading up to the upcoming Bitcoin halving include strategic growth, as emphasized by Hut 8 CEO Asher Genoot. Genoot, who previously served as the COO at US Bitcoin Corp, took over as CEO shortly after the merger was finalized. The company changed its leadership to shift towards a new strategic direction, as stated by Hut 8’s board of directors. Under Genoot’s leadership, the company quickly acquired four power generation facilities and began construction on a 28 MW mining site in Texas. Hut 27.2 stated that it planned to use its bitcoin reserves to fund expansion projects, but less than two weeks later, Hut 2926 announced it would shut down mining operations at its Drumheller site in Alberta, Canada as part of a larger effort to eliminate inefficiencies. The facility’s profitability has been negatively impacted by high energy costs and voltage problems. Miners are taking cautious financial actions in preparation for the upcoming Bitcoin halving event. Genoot stated that Drumheller’s shutdown is only one instance of how the company plans to expand its operations in the future. He mentioned that he is reviewing every facility, type of miner, business line, and cost center within the company. I am creating analyses from the ground up to track where our money is being spent, how it is being spent, and what the return on investment is for that spending. The stock price of Hut 28 had decreased by 8% since the previous month when the market closed on Wednesday. At that time, the company’s market value was around $2275 million, which was only slightly more than the value of approximately $403 million worth of BTC it had on its balance sheet.