BitMine Names Chi Tsang as CEO, Adds Three New Members to Board
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TLDR BitMine has appointed Chi Tsang as its new CEO and board member, succeeding Jonathan Bates. Tsang was previously the founder of venture fund m1720 and spent a decade at HSBC. The company also added Robert Sechan, Olivia Howe, and Jason Edgeworth to its board. Tsang emphasized BitMine’s position to lead the financial sector with its substantial Ethereum holdings. BitMine’s stock has fallen nearly 34% in the past month due to declining cryptocurrency prices. The company holds over 3.5 million ETH, valued at around $11.2 billion, making it the largest corporate holder of Ethereum. BitMine Immersion Technologies, the leading Ethereum treasury company with over $11 billion in cryptocurrency holdings, announced on Friday that Chi Tsang has been appointed as the new CEO and board member. Tsang takes over from Jonathan Bates, the former CEO. The company also introduced Robert Sechan, Olivia Howe, and Jason Edgeworth as new members of its board. Chi Tsang’s Appointment as CEO Tsang, the founder and Managing Partner of the venture fund m1720, brings extensive financial experience. Before joining BitMine, he spent a decade at HSBC, where he was the Head of Asia and TMT Global Banking. Tsang’s leadership comes at a time when the company aims to strengthen its position in the rapidly evolving blockchain and Ethereum sectors. In his statement, Tsang highlighted the parallels between the current transformation in financial markets and the disruption brought by mobile phones and the internet in the 1990s. He noted that BitMine’s substantial Ethereum holdings and its credibility with both Wall Street and the Ethereum community uniquely position it to lead in the financial industry. “With its substantial Ethereum holdings and credibility with both Wall Street and the Ethereum ecosystem, BitMine is positioned to become a leading financial institution,” Tsang said. Along with the CEO change, BitMine has…
Filed under: News - @ November 14, 2025 11:24 pm