Tom Lee's Ethereum Treasury Firm BitMine Immersion Appoints Chi Tsang as CEO

Tom Lee’s Ethereum Treasury Firm BitMine Immersion Appoints Chi Tsang as CEO


BitMine Immerision (BMNR), the largest corporate holder of ether ETH$3,144.33, said on Friday it has appointed Chi Tsang as its new chief executive officer, succeeding Jonathan Bates, who led the company from its early days through its listing on the NYSE American.

Shares are lower by 3.4% premarket alongside a continuing slide in crypto in general and ether in particular. Down 8.9% over the past 24 hours, ETH is now off nearly 6% year-to-date.

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