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BitFury Forms Strategic Advisory Board With Two Appointments

Avatar Jayanand Sagar 5 years ago

There’s been quite a bit of news lately coming from BitFury. From mining products to strategic investments, it certainly seems like they are growing rapidly.

And it will probably come as no surprise to learn that the company has brought in some new additions to their board of directors to keep them guided properly as their operations expand.

Those new additions compose the company’s new strategic advisory board, which will be responsible for working closely with BitFury leadership with relation to technology “to build on the company’s silicon leadership position as it pursues more advanced semiconductor technologies and implementation.

The additions also bring venture experience, which will help corporate leaders at the company better make business decisions.

“The new additions to BitFury’s board of directors and advisory board represent some of the highly respected experts in the technology and venture industries,” says BitFury CEO, Valery Vavilov. “These new members of our board of directors and advisory board will provide valuable input to ensure that BitFury is well positioned to retain its leadership role in silicon design and technology in the fast-paced and constantly evolving virtual currency marketplace.”

Just who are these two new members?

The first is Dr. Jackson Hu, a described semiconductor industry veteran, and previously the Chairman and CEO of UMC (the world’s second-largest semiconductor foundry). Today, he’s the Chairman and CEO of NeoEnergy Microelectronics, and also a Venture Partner at WI Harper.

“What impressed me early on in my conversations with BitFury was the revelation that they’ve designed custom, ASIC chips that go to market at the same design efficiency as standard chips,” Hu said. “It struck me as ingenious—I hope to build on that technology and business leadership by imparting some of the lessons I learned in my career.”

Jonathan Teo is the second addition. In the past, he’s been a partner at General Catalyst Partners and Benchmark Capital, and was also responsible for international research and development at Google. Today, he’s the founder and partner of Binary Capital.

“BitFury is poised for rapid, global expansion, and I’m optimistic and excited about supporting the company’s ambitions with the strong support of the board of directors and advisors Valery and team have put together,” Teo remarked.

The news doesn’t end there. Joining the company’s board of directors (not the strategic advisory board) is Bob Dykes, President of Tanjarine. He will service on the Budget and Audit Committee. With 35 years of experience in the semiconductor industry, Dykes has worked previously at the likes of VeriFone, Juniper Networks, and Symantec.

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