Bitmine Immersion Expands Ethereum Strategy with New Board Appointment
Bitmine Immersion, a leading player in the cryptocurrency space, has deepened its commitment to Ethereum with the appointment of David Sharbutt to its Board of Directors. This strategic move aims to further advance the company’s mission and strengthen its influence on the Ethereum network. 
Sharbutt brings extensive experience in scaling and managing companies in the infrastructure sector, having spent 17 years on the board of American Tower Corporation. During his tenure, the company’s share price rose from $27 in 2003 to a high of $304 in 2021. Bitmine Chairman Tom Lee praised Sharbutt’s record in driving growth and creating value, calling him a “perfect addition” to the board.
Sharbutt’s Role and Responsibilities
As a member of the Board of Directors, Sharbutt is expected to play a key role in shaping Bitmine’s Ethereum treasury management, infrastructure expansion, and scaling operations. The company has been aggressively accumulating Ethereum, with over 1.8 million ETH valued at around $7 billion at current prices. This makes Bitmine the largest company owner of Ethereum by financial value worldwide.
Sharbutt’s appointment is seen as a significant step in Bitmine’s strategy to become an Ethereum power player. The company aims to hold up to 5% of the circulating Ethereum supply, which would give it significant influence over the network and its infrastructure. By acquiring a large proportion of ETH and integrating operational infrastructure, Bitmine is positioning itself as a key player in the Ethereum ecosystem, supporting both network security and adoption.
Bitmine’s Vision for Ethereum
According to Chairman Tom Lee, Bitmine sees Ethereum as a central part of the future financial system over the next decade. The company believes that the network will become the preferred choice among major institutions and emerging technologies, driving demand for ETH and Ethereum-based infrastructure. “We continue to believe that Ethereum will be one of the biggest macro trends in the next 10 to 15 years,” said Lee. “The migration of Wall Street and AI to the blockchain should lead to a profound transformation of today’s financial system, with the majority of it taking place on Ethereum.”
With Sharbutt’s appointment, Bitmine is signaling its commitment to disciplined infrastructure growth, aiming to secure its place in the future of Ethereum. As the company continues to accumulate ETH and expand its infrastructure, it is likely to play an increasingly important role in shaping the Ethereum ecosystem. For more information, visit https://crypto.news/bitmine-taps-david-sharbutt-for-board-of-directors/
