BitFury Group has made an announcement on this Tuesday morning, noting they have brought aboard two new “key” board members as their company continues to grow in this fast-paced bitcoin industry.

The new members of the board are industry veterans with significant experience.

The first is Mr. Bill Tai, who is said to be heading the board’s strategy committee. He has served on the Board of Directors of seven publicly-listed companies in his twenty-year career in venture capitalism. His experience includes being an investor or board member in companies like Voxer, TweetDeck, Tango, and Lulu.

Tai is also an adjunct professor of innovation over at Curtin University, which has several locations in Australia.

The second appointed board member is Varun Gupta, who comes from the Akin Gump Strauss Hauer & Feld law firm, where he served as a securities partner with a concentration on IPOs, private equity transactions, and mergers and acquisitions.

“These hires will give us tremendous experience, contacts and insight as we work to establish BitFury as the cryptocurrency infrastructure leader and I’m thrilled that they’ve joined us,” said BitFury CEO Valery Vavilov. “Their combined understanding of both international markets and technology will be invaluable as we grow and mature.”

Mr. Gupta added, “I am very impressed with BitFury, its founders and its management. I am glad to be joining the team to further develop our leadership position. Over the last six months, we have witnessed tremendously positive developments in the Bitcoin industry and we believe Bitcoin adoption is going to further accelerate. Recent criminal actions against bad actors within the Bitcoin space are good for our industry as they are intended to punish illegal behavior and they will eventually build consumer trust in Bitcoins and their transformative and value-accretive potential.”