Executive Leadership and Board Expansion
BitMine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR), a leading Ethereum treasury company, has appointed Chi Tsang as its new Chief Executive Officer. Tsang has also been appointed to the company's Board of Directors. In addition to this executive change, BitMine has announced the appointment of three independent directors: Robert Sechan, Olivia Howe, and Jason Edgeworth, all effective immediately.
The company currently holds over 2.9% of the Ethereum network and has ambitions to increase its stake to 5% of the network, a goal referred to as “The Alchemy of 5%.” This strategic objective is supported by a roster of institutional investors, including ARK, Founders Fund, Pantera, and Kraken. These new leadership appointments are expected to bolster BitMine’s position as a critical link between traditional capital markets and the broader Ethereum ecosystem, fostering long-term growth and promoting institutional adoption.
🚨 BREAKING:
MASSIVE MOVE FROM BITMINE $BMNR
BitMine just appointed a new CEO + 3 independent board members, signalling the next major phase of growth.
Why this is HUGE:
• New CEO Chi Tsang steps in with a mandate to scale
• Board strengthened with Sechan, Howe &… pic.twitter.com/YsTt3tuj58— BMNR Bullz (@BMNRBullz) November 14, 2025
Driving the Ethereum Supercycle Strategy
Thomas “Tom” Lee, Chairman of the Board, stated that the new CEO and board members bring extensive expertise in technology, decentralized finance (DeFi), and financial services. This collective experience is intended to solidify BitMine’s role as an intermediary between traditional financial markets and the Ethereum ecosystem.
Chi Tsang commented on the company's strategic importance within the evolving crypto and blockchain landscape. He stated:
“With substantial Ethereum holdings and credibility across Wall Street and the Ethereum community, BitMine is poised to become a leading financial institution.”
Former CEO Jonathan Bates reflected on the company's development, noting:
“Building BitMine from the ground up to an NYSE-listed company and the world’s largest Ethereum holder has been remarkable. I am confident that the new leadership will continue this momentum.”
Enhancing Long-Term Value Through Board Expertise
The newly appointed independent directors have expressed their support for BitMine’s strategic objectives. Robert Sechan highlighted the historical parallels between Ethereum's development and previous technological cycles, affirming his dedication to contributing to BitMine’s strategic direction. Olivia Howe and Jason Edgeworth concurred, emphasizing their commitment to supporting sustained shareholder value and strengthening the company’s operational infrastructure within the Ethereum ecosystem.
In a related development on September 5, BitMine issued a statement to clarify its regulatory standing. This followed reports indicating that NASDAQ was increasing its oversight of companies managing crypto treasuries. BitMine emphasized that these new requirements do not impact its operations, as the company already adheres to full compliance with NYSE American standards.