BitFury Forms Strategic Advisory Board With Two Appointments
There's been quite a bit of news lately coming from BitFury. From mining products to strategic investments, it certainly seems like they are growing rapidly. And it will probably come as no surprise to learn that the company has brought in some new additions to their board of directors to keep them guided properly as their operations expand. Those new additions compose the company's new strategic advisory board, which will be responsible for working closely with BitFury leadership with relation to technology "to build on the company's silicon leadership position as it pursues more advanced....
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BitFury Early Gen Units. BitFury has been on a roll this year with over $40 million in venture capital funding, as well as the addition of Jonathan Teo and Dr. Jackson Hu to their Strategic Advisory Board. To top it all off they added President and Chief Strategy Officer for Samsung Electronics Young Sohn to their Advisory Board. BitFury has emphasized that they are not a mining company, but a technology company: BitFury has set their sites on being more than a chip maker. With all this in mind, we were able to ask BitFury CEO Valery Vavilov through email about their next gen Bitcoin ASIC....
BitFury - a popular cryptocurrency mining company that's also recently focused on making seed investments (and now also bitcoin transaction processing)- has announced today that they're making yet another addition to their strategic advisory board. This time around, the individual appointed is Mr. Young Sohn, who is serving as president of Samsung Electronics, in addition to a chief strategy officer role since 2012. His experience in Silicon Valley and semiconductor industry spans thirty years, and he's previously served as the CEO and president for four other companies you may or may not....
BitFury, a leading Bitcoin transaction processing and Bitcoin infrastructure provider, has announced that Young Sohn, Samsung Electronics president and chief strategy officer, has been added to their strategic advisory board. Young has been the president and chief strategy officer for Samsung Electronics since 2012. In addition to his laudable work at Samsung Electronics, Sohn has 30 years of semiconductor and manufacturing experience and has been the CEO and president of four other companies; in addition to this, he helped take three other companies public. Sohn began his career at Intel.....
Now that financial regulators have started to step up their game in conducting oversight on the bitcoin industry, cryptocurrency companies have been adding former heads of financial regulation institutions to their advisory board. BitFury recently announced that the former chair of the Commodity Futures and Trading Commission (CFTC), which is responsible for financial oversight in the US, will be joining their advisory board. Ex-CFTC head Dr. James Newsome will be joined by Hernando de Soto, president of the Institute of Liberty and Democracy (ILD), in the advisory board. Newsome....
BitFury’s work in both Bitcoin transaction processing (mining) and growing venture capital funding has also come with the growth of the company’s leadership team. Their latest addition is Jason Weinstein Former US Deputy Asst Attorney General. BitFury recently hired Young Sohn, Samsung Electronics, president and chief strategy officer; he also took a position on their strategic advisory board. Jason Weinstein has an interesting background with experience and connections that can help not only BitFury but Bitcoin itself.