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

Bit Digital, Inc. (NASDAQ: BTBT) appointed 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.