BitFury Adds Samsung President Young Sohn to Strategic Advisory Board

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 has announced that president and chief strategy officer for Samsung Electronics Young Sohn has joined the company as an advisor. Formed in September, BitFury's advisory board aims to assist the management and corporate development of the industrial bitcoin mining company. The board now includes Sohn, as well as semiconductor industry veteran Jackson Hu and former General Catalyst managing director Jonathan Teo. In a statement, Sohn praised BitFury's team for its ability to deliver results in the difficult bitcoin mining market, but also suggested he sees that the company could soon....

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.

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....