President Genoot base salary

Checked on September 28, 2026. The cited source supports part of this claim, but not all of it.

A shareholder complaint, citing Genoot's November 30, 2023 employment agreement, alleges he is entitled to $490,000 in total compensation made up entirely of base salary. It does not say the amount is annual, and it states he stopped being President and became CEO on February 6, 2024.

Confirmed in the source:

• The complaint alleges that under his Employment Agreement dated November 30, 2023, Asher Genoot is entitled to $490,000 in total compensation from Hut 8.
• The complaint alleges that this compensation is made up entirely of base salary.
• Genoot served as Hut 8's President from the November 30, 2023 merger until February 6, 2024.

We could not confirm this from the cited source:

• The document does not say the $490,000 is an annual figure; it gives no time period for this amount.
• The document does not describe Genoot as President at the time of filing; it states he became Hut 8's CEO on February 6, 2024.

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of RECAP (https://storage.courtlistener.com/recap/gov.uscourts.nysd.618845/gov.uscourts.nysd.618845.9.0.pdf) in full (109,679 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.

confirms Thompson v. Leverton — Entry #9: FIRST AMENDED COMPLAINT amending 1 Complaint, against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal, Rick…

Quote: “Defendant Genoot is entitled to receive $490,000 in total compensation from the Company, made up entirely of base salary.”

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