BitMine Appoints Chi Tsang as New CEO, Targeting 5% Ethereum Holdings

BitMine has announced a leadership reshuffle, appointing Chi Tsang as CEO effective November 14th. This shift comes amidst the company’s aim to increase its Ethereum holdings significantly, specifically targeting a 5% share of the overall supply. Jonathan Bates previously served as CEO and will be stepping down from his role. This decision reflects BitMine’s strategic focus on establishing itself within the Ethereum finance landscape. Tsang joins alongside three new board members who bring expertise in technology, DeFi, and financial services to support this objective.