BitFury Adds Long-Time Silicon Valley Executive and Entrepreneur Young Sohn to Its Strategic Advisory Board

SAN FRANCISCO & AMSTERDAM--()--BitFury Group, the leading Bitcoin infrastructure provider and Bitcoin transaction processing company has added Young Sohn, Samsung Electronics president and chief strategy officer, to its strategic advisory board.

Young Sohn has served as the president and chief strategy officer for Samsung Electronics since 2012.

With 30 years of semiconductor and manufacturing experience, Sohn has previously served as CEO and president for four other public companies including Quantum Corporation, Oak Technologies, Agilent Semiconductor (now Avago) and Inphi Corporation. In addition, he helped take three companies public while serving as either CEO or as board member (at PLX Technologies, Synnex Technologies and Inphi). Young began his career at Intel and was responsible for starting the company’s strategic and highly successful PC chipset business.

“We are excited to welcome Young Sohn to our strategic advisory board which is comprised of some of the most distinguished technology and venture industry leaders,” said Valery Vavilov, CEO of BitFury. “Young’s extensive experience in semiconductors and consumer electronics will enable us to explore business opportunities in the consumer electronic devices market.”

“BitFury is well positioned with its custom design chip and data center technology,” said Young Sohn. “The company’s commitment to delivering results through strong and consistent execution of its business and growth strategy has not only allowed BitFury to become a highly respected global Bitcoin company, but to also see new opportunities. I am excited about the opportunity to serve as a strategic advisor to support BitFury’s ambitious goals.”

Other members of the BitFury advisory board include Dr. Jackson Hu, a 35-year semiconductor industry veteran, who previously served as the chairman and CEO of UMC, the world’s second largest semiconductor foundry, and Jonathan Teo - the founder and partner of Binary Capital focusing on early stage consumer technology.

ABOUT BITFURY GROUP: BitFury Group is the leading Bitcoin infrastructure provider and Bitcoin transaction processing company. Founded in 2011, BitFury currently has more than 70 team members globally at management offices in San Francisco, Amsterdam and Riga, as well as data-centers in Finland, Iceland and the Republic of Georgia. BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs) optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury has an impressive track record, having successfully delivered three prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months. BitFury’s management team and board include seasoned industry veterans with a history of execution in silicon engineering, operational build-up and capitalizing businesses.

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BitFury Group
Janna McManus, 1-650-400-7256

Release Summary

Samsung Electronics President and Chief Strategy Officer joins BitFury's Advisory Board.


BitFury Group
Janna McManus, 1-650-400-7256