Les has served as the board's director since 2017.
The company's director of finance will serve as acting CFO.
The comparison between Bitcoin and Visa's energy use, reached several highly misleading conclusions, our columnist says.
The additional funding will go towards the acquisition of more miners, expanding infrastructure and boosting working capital.
The firm announced its pivot to mining in January.
The changes come amid an ongoing class-action lawsuit against the mining company.
Sino-Global announced a new COO and CTO as it plans to start mining.
With bitcoin trading near $36,500, the new holdings have a current value of over $6 million.
Miners earned over $1.1 billion in January.
The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.
The company says a "majority" of the ASICs are already deployed.
The Nasdaq-listed mining company wants to become a "pure-play bitcoin investment option" for Wall Street.
Samsung plans for its foundry to manufacture 3nm chips.
The new machines will add 475 PH/s to Hut 8's hash power.
Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations.