Brian Brooks, the former CEO of Bitfury in the United States, has been named the company’s new CEO and will manage the company’s aggressive development ambitions.
Previously employed by the Office of the Comptroller of the Currency and Binance. Brian Brooks, the CEO of a company based in the United States, has been named the new CEO of bitcoin (BTC) mining startup BitFury.
Brooks was hired last Friday, according to a Nov. 4 release from Bitfury, and he will manage the business as it prepares for a new investment round. Valery Vavilov, the company’s founder, and previous CEO will serve as Chief Vision Officer and Chairman of the Board of Directors.
Mr. Brooks will manage the ten-year-old crypto unicorn as it raises additional capital, expands its mining operation via a breakthrough new microprocessor design and new global data center locations, and grows a portfolio of creative enterprises, according to the feverish release.
Bitfury’s most recent investment round happened in 2018 when the company secured $80 million at a $1 billion value. On Oct. 18, Vavilov revealed to Cointelegraph that the business was exploring a fresh round of funding through an initial public offering (IPO), although nothing is definitive at this point.
Brooks previously worked at Binance’s US division for three months before departing in August. Many observers surmised that the decision was made owing to previous awareness of the firm’s regulatory woes.
Brooks also served as Coinbase’s Chief Legal Officer from 2018 to 2020 and is well-known in the cryptocurrency world for his staunchly pro-crypto position while serving as the Acting Comptroller of the Currency.
Brooks managed the passage of the fintech banking charter, which allows fintech businesses and cryptocurrency companies to provide lending and payment products without the scrutiny of state banking authorities, between May 2020 and January 2021.
“Brian is a highly regarded CEO and thought leader with extensive regulatory, digital asset, and capital markets experience who supports Bitfury’s vision for a decentralized peer-to-peer economy,” Vavilov stated.
Bitfury was founded in 2011 and has grown to become one of the leading firms in the blockchain industry. It owns and runs mobile data centers and offers a variety of services, including crypto mining hardware design, software development, and artificial intelligence products.
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