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Ethereum Treasury Firm BitMine Appoints New CEO, Expands Board
15 Nov
Summary
- BitMine Immersion Technologies appoints Chi Tsang as new CEO
- Adds 3 independent board members with expertise in tech, DeFi, and finance
- Aims to become a leading financial institution bridging traditional markets and Ethereum
On November 14, 2025, BitMine Immersion Technologies (NYSE: BMNR), the Ethereum (ETH) treasury company chaired by Wall Street legend Thomas "Tom" Lee, announced several key leadership changes. The company has appointed Chi Tsang as its new CEO, replacing former CEO Jonathan Bates.
In addition to the new CEO, BitMine has also appointed three independent board members: Robert Sechan, Olivia Howe, and Jason Edgeworth. These new board members bring a wealth of experience across technology, decentralized finance (DeFi), and traditional financial services.
"Our new CEO and Board members bring a unique blend of experience, insight, and leadership across technology, DeFi and financial services, enabling BitMine to further position itself as the bridge between traditional capital markets and the supercycle Ethereum ecosystem," said Thomas Lee.
The new CEO, Chi Tsang, echoed Lee's sentiments, stating, "The transformation and innovation now facing Wall Street through blockchain and Ethereum mirror the explosion of opportunity that mobile phones and the internet unleashed on telecoms and technology in the 1990s. With its substantial Ethereum holdings and credibility with both Wall Street and the Ethereum ecosystem, BitMine is positioned to become a leading financial institution."
BitMine, the world's largest ETH-focused digital asset treasury (DAT) firm, currently holds 3.5 million ETH tokens worth more than $11 billion and 192 Bitcoin worth over $18 million. The company aims to accumulate 5% of the total Ethereum supply, making it a significant player in the Ethereum ecosystem.
