CoinWorld news, on July 16, Hut 8 Company (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 the leadership of CEO Asher Genoot: expanding its energy infrastructure platform to 15 facilities with a total capacity of 1,020MW; establishing a power procurement channel of 10,800MW; advancing AI data center projects including the Louisiana Riverbend campus; restructuring its Bitcoin mining business into a standalone entity, American Bitcoin; and increasing the institutional investor shareholding ratio from 12% to 55%.