BitMine Appoints Chi Tsang as CEO, Expands Board with Three Independent Directors

Quick Breakdown 

• BitMine appoints Chi Tsang as CEO and adds three independent directors: Robert Sechan, Olivia Howe, and Jason Edgeworth.
• The company holds over 2.9% of Ethereum and aims to acquire 5% of the network, backed by institutional investors including ARK, Founders Fund, Pantera, and Kraken.
• New leadership strengthens BitMine’s position as a bridge between traditional capital markets and the Ethereum ecosystem, driving long-term growth and institutional adoption.

 

BitMine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR), the world’s largest Ethereum treasury company, has named Chi Tsang as its new Chief Executive Officer and appointed him to the Board of Directors. The company also announced three independent board appointments: Robert Sechan, Olivia Howe, and Jason Edgeworth, effective immediately.

BitMine holds over 2.9% of the Ethereum network and is backed by institutional investors, including ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital. The appointments aim to strengthen leadership as BitMine pursues its goal of acquiring 5% of Ethereum, a milestone the company refers to as “The Alchemy of 5%.”

🚨 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

Leadership poised to drive Ethereum supercycle strategy

Thomas “Tom” Lee, Chairman of the Board, said the new CEO and board members bring deep expertise in technology, DeFi, and financial services, positioning BitMine as a bridge between traditional capital markets and the Ethereum ecosystem.

Chi Tsang emphasized the company’s strategic role in the evolving crypto and blockchain landscape, stating,

“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 trajectory:

“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.”

Board expertise to drive long-term value

The newly appointed board members highlighted their support for BitMine’s mission. Robert Sechan noted the parallels between Ethereum’s growth and past technology cycles, emphasizing his commitment to contributing to BitMine’s strategic direction. Olivia Howe and Jason Edgeworth echoed this sentiment, underscoring their roles in supporting long-term shareholder value and reinforcing the company’s infrastructure within the Ethereum ecosystem.

Notably, on September 5, BitMine issued a statement , clarifying its regulatory standing following reports that NASDAQ is tightening oversight of companies building crypto treasuries. The firm stressed that the new requirements do not apply to its operations, as it is already fully compliant with NYSE American standards.