Brian Brooks has been appointed as the new CEO (Chief Executive Officer) of Bitfury Group (a BTC mining company based in Amsterdam). His former experience comprises of the services being the Acting Comptroller of the Currency under the United States, as well as the being Binance US’ in charge.
Brooks enters latest crypto adventure
As per the press release, Brooks substituted Valery Vavilov (being a founder of Bitfury). The latter (being the CEO of the firm for the recent 10 years) became the Chief Vision Officer as well as the company’s Board of Directors Chairman. Bitfury targets launching the latest funding round during the coming months, to enhance the progress or the mining endeavors thereof through a unique microchip design. In this way, the new CEO will be accountable for placing the company among the European frontrunners in the industry of digital assets.
He mentioned Bitfury to be an institute well-known for the sustained research as well as most prominent proprietary technologies thereof. The innovative nature of the firm makes it well placed in the matter of long-term achievements, he concluded. He appears to be a resilient enthusiast regarding blockchain and crypto technology. The previous year, he sketched the merits thereof by stating that Blockchain can rejoin all types of data through a network (decentralized in nature). It also has the capability of creating big, smooth, decentralized networks. Thus, crypto and blockchain promise great possibilities.
Valery Vavilov, Bitfury’s Co-Founder and a Latvian entrepreneur, remarked to be excited about having Brian Brooks be his organization’s leader and labeled him being the respected executive having deep expertise regarding regulatory, capital markets, and digital assets. His appointment at the respective position should be comprehensively advantageous for the growth strategy of Bitfury, Vavilov added. The foundation of the company was laid in 2011, and it is considered to be one of the oldest companies in the industry. In the last month, intentions regarding an IPO (initial public offering) have been announced by Bitfury in either Amsterdam or London.
Not a long period at Binance
In this year’s April, the leading crypto exchange’s US division (Binance US) hired Brooks to act as its CEO. Formerly, he served to be the acting head over the OCC (Office of the Comptroller of the Currency) under the administration of Donald Trump. Nevertheless, his term only continued for three years till his resignation from the designation in August, about which he did not provide any reasons.
