BitMine Overhaul Signals Institutional Consolidation as ETH ETFs Record Outflows

BitMine Immersion Technologies, the world’s largest Ethereum treasury company controlling more than 2.9% of the network’s supply, announced new leadership on Friday. The company appointed Chi Tsang as its new Chief Executive Officer, succeeding Jonathan Bates, while simultaneously adding three independent directors, Robert Sechan, Olivia Howe, and Jason Edgeworth, to its board. The reshuffle marks one of BitMine’s most significant updates since its NYSE listing and comes as the firm pushes toward its str ...