Former controller Brian Brooks gets a new job as Bitfury CEO

Former currency controller and CEO of Binance.US, Brian Brooks, has been announced as the new CEO of cryptocurrency (BTC) mining company BitFury.

According to an announcement by Bitfury on Jan. Brooks was appointed last Friday and will lead the company as it prepares for a new round of funding.. Bitfury founder and former CEO Valery Vavilov will serve as chief vision officer and chairman of the board of directors.

“Mr. Brooks will lead the 10-year unicorn cryptocurrency company when it kicks off a new round of funding, growing its mining business with a revolutionary new microchip design and new global data center locations to drive innovative companies”the display reads out of breath.

Former controller Brian Brooks gets a new job as Bitfury CEO
Former controller Brian Brooks gets a new job as Bitfury CEO

Bitfury’s last round of funding took place in 2018. when it raised $ 80 million on a valuation of $ 1 billion. Vavilov confirmed to Cointelegraph on October 18 that the company is considering a new fundraiser through a possible public offering (IPO), but nothing specific is available at this point.

Before this post Brooks only worked at Binance’s US office for three months before stepping down in August that year.. Lots of viewers they speculated that the decision was made on the basis of prior knowledge of the company’s regulatory problems.

Brooks was also Coinbase’s Chief Legal Officer between 2018 and 2020 and is very popular in the crypto community as an interim comptroller of the currency due to his strong pro-crypto stance.

During your time at the agency between May 2020 and January 2021, Brooks oversaw the passage of the Fintech Banking Charter, which allowed fintech and cryptocurrency firms to offer credit and payment products without the oversight of state banking regulators.

“Brian is a respected leader and thought leader with extensive regulatory, digital assets and capital markets experience who shares Bitfury’s vision of a decentralized, peer-to-peer economy.”said Vavilov.

Bitfury was founded in 2011 and is one of the largest companies in the blockchain sector. It operates mobile data centers and offers a wide range of services, such as crypto mining hardware design, software and artificial intelligence products.

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