{"id":879954,"date":"2025-08-28T07:34:56","date_gmt":"2025-08-28T11:34:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/david-sharbutt-to-join-bitmine-bmnr-board-of-directors\/"},"modified":"2025-08-28T07:34:56","modified_gmt":"2025-08-28T11:34:56","slug":"david-sharbutt-to-join-bitmine-bmnr-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/david-sharbutt-to-join-bitmine-bmnr-board-of-directors\/","title":{"rendered":"David Sharbutt to Join BitMine (BMNR) Board of Directors"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i><br \/>\n          <span class=\"xn-person\">David Sharbutt<\/span> to lead BitMine&#8217;s efforts to expand its digital infrastructure capabilities<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i><br \/>\n          <span class=\"xn-person\">David Sharbutt<\/span> served 17 years on American Tower&#8217;s Board (AMT), one of America&#8217;s largest REITs<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>BitMine is the world&#8217;s largest <span>ETH<\/span> Treasury company with <span>Crypto<\/span> + Cash Holdings Exceeding <span class=\"xn-money\">$9 billion<\/span>, including 1.79 million <span>ETH<\/span> Tokens and total cash of $775MM<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>BitMine is supported by a premier group of institutional investors including ARK&#8217;s <span class=\"xn-person\">Cathie Wood<\/span>, MOZAYYX, Founders Fund, <span class=\"xn-person\">Bill Miller III<\/span>, Pantera, Kraken, DCG, and Galaxy Digital to support BitMine&#8217;s goal of acquiring 5% of <span>ETH<\/span>: The alchemy of 5%<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">LAS VEGAS<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 28, 2025<\/span><\/span> \/PRNewswire\/ &#8212; (NYSE AMERICAN: BMNR) BitMine Immersion Technologies, Inc. (&#8220;BitMine&#8221; or the &#8220;Company&#8221;) today announced that <span class=\"xn-person\">David Sharbutt<\/span> has been elected to the company&#8217;s board of directors.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2739874\/BitMine_Dark_Background___Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2739874\/BitMine_Dark_Background___Logo.jpg\" title=\"BitMine Immersion Technologies (BMNR) (PRNewsfoto\/BitMine Immersion Technologies, Inc.)\" alt=\"BitMine Immersion Technologies (BMNR) (PRNewsfoto\/BitMine Immersion Technologies, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;Adding David&#8217;s operational experience as one of the original wireless services entrepreneurs building Alamosa PCS into a multi-billion Sprint PCS affiliate, and his 17 years of service as a Board member for American Tower Corporation (AMT), one of America&#8217;s largest REITs, makes him the perfect addition to our board.&#8221; said Thomas &#8220;Tom&#8221; Lee of Fundstrat, Chairman of BitMine.<\/p>\n<p>Mr. Lee continues, &#8220;American Tower is one of the greatest shareholder return stories of the last 20 years as investors recognized wireless tower companies were an essential and scarce asset and is now one of America&#8217;s largest REITs.\u00a0 These wireless tower companies valuations expanded from 6X EV\/EBITDA in 2003 to more than 30X EV\/EBITDA by 2020 (according to research by Fundstrat) Similarly, <span>ETH<\/span> Treasuries are providing security services for the <span>ethereum<\/span> network, by native staking and thus, BitMine is a critical digital infrastructure partner for <span>ethereum<\/span>.&#8221;<\/p>\n<p>&#8220;I have known <span class=\"xn-person\">Tom Lee<\/span> for more than 25 years and he is, in my opinion, the best wireless analyst I ever interacted with, in the years since, he has identified transformational opportunities and companies years before the market recognizes them from the 2009 start of the bull market, to calling <span>Bitcoin<\/span> &#8220;digital gold&#8221; in 2017 when it was under <span class=\"xn-money\">$1,000<\/span>.&#8221; said <span class=\"xn-person\">David Sharbutt<\/span>.\u00a0 &#8220;So, when Tom called me and described his larger vision of <span>ETH<\/span> and the exciting roadmap for BitMine, I realized this is an opportunity to work on something transformational.&#8221;<\/p>\n<p>BitMine <span>crypto<\/span> holdings reigns as the #1 <span>Ethereum<\/span> treasury and #2 global treasury, behind Strategy Inc (MSTR), which owns 629,376 BTC valued at <span class=\"xn-money\">$71 billion<\/span>.\u00a0 BitMine remains the largest <span>ETH<\/span> treasury in the world. BitMine launched its <span>ETH<\/span> Treasury strategy on <span class=\"xn-chron\">June 30th<\/span> (closing on <span class=\"xn-chron\">July 8th<\/span>). In the ensuing six weeks, the Company has passed many key milestones.\u00a0<\/p>\n<p>\u00a0As of <span class=\"xn-chron\">August 27th<\/span> at <span class=\"xn-chron\">5:00pm ET<\/span>, the Company&#8217;s <span>crypto<\/span> holdings are comprised of 1,792,690 <span>ETH<\/span> at <span class=\"xn-money\">$4,591<\/span> per <span>ETH<\/span> (Bloomberg), 192 <span>Bitcoin<\/span> (BTC) and unencumbered cash of <span class=\"xn-money\">$775 million<\/span>. BitMine&#8217;s <span>crypto<\/span> + cash holdings exceed <span class=\"xn-money\">$9 billion dollars<\/span>.<\/p>\n<p>David is the founder, Chairman, &amp; CEO of Alamosa Holdings which became a public company in 2000, and quickly grew to a presence in 22 states with revenues exceeding <span class=\"xn-money\">$1B<\/span>. <span class=\"xn-location\">Alamosa<\/span> was acquired by Sprint in 2006.\u00a0 David was elected to the board of American Tower Corporation (NYSE:AMT) in 2006 and continued to serve until 2023. During David&#8217;s time at American Tower, it grew from a moderate sized domestic tower company to become the largest REIT in the world. It is the leading global provider of shared infrastructure. David served on the Audit Committee and the Nominating and Corporate Governance Committee for American Tower,\u00a0 serving as the Committee Chair from 2017 to 2022.\u00a0 David is involved in a number of private companies as an owner and Director. These companies involve real estate, telecom, technology, food safety, restaurants, agriculture, reverse logistics, and dry cleaning. David is the Chair and primary owner of Edit Holdings. Edit Holdings operates Tide Dry Cleaners in <span class=\"xn-location\">Houston<\/span>, <span class=\"xn-location\">Austin<\/span>, <span class=\"xn-location\">Lubbock<\/span>, <span class=\"xn-location\">Amarillo<\/span>, <span class=\"xn-location\">Colorado Springs<\/span>, and <span class=\"xn-location\">Denver<\/span>.<\/p>\n<p>The company recently released a corporate presentation, which can be found here: <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497402-1&amp;h=1172649562&amp;u=https%3A%2F%2Fbitminetech.io%2Finvestor-relations%2F&amp;a=https%3A%2F%2Fbitminetech.io%2Finvestor-relations%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/bitminetech.io\/investor-relations\/<\/a><\/u><\/p>\n<p>To stay informed, please sign up at: <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497402-1&amp;h=27738293&amp;u=https%3A%2F%2Fbitminetech.io%2Fcontact-us%2F&amp;a=https%3A%2F%2Fbitminetech.io%2Fcontact-us%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/bitminetech.io\/contact-us\/<\/a><\/u><\/p>\n<p>\n        <b>About BitMine<\/b>\n      <\/p>\n<p>BitMine is a <span>Bitcoin<\/span> and <span>Ethereum<\/span> Network Company with a focus on the accumulation of <span>Crypto<\/span> for long term investment, whether acquired by our <span>Bitcoin<\/span> mining operations or from the proceeds of capital raising transactions. Company business lines include <span>Bitcoin<\/span> Mining, synthetic <span>Bitcoin<\/span> mining through involvement in <span>Bitcoin<\/span> mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning <span>Bitcoin<\/span> denominated revenues, and general <span>Bitcoin<\/span> advisory to public companies. BitMine&#8217;s operations are located in low-cost energy regions in <span class=\"xn-location\">Trinidad<\/span>; <span class=\"xn-location\">Pecos, Texas<\/span>; and <span class=\"xn-location\">Silverton, Texas<\/span>.<\/p>\n<p>For additional details, follow on X:<br \/><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497402-1&amp;h=207244026&amp;u=https%3A%2F%2Fx.com%2Fbitmnr&amp;a=https%3A%2F%2Fx.com%2Fbitmnr\" target=\"_blank\" rel=\"nofollow\">https:\/\/x.com\/bitmnr<\/a><br \/><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497402-1&amp;h=2719270183&amp;u=https%3A%2F%2Fx.com%2Ffundstrat&amp;a=https%3A%2F%2Fx.com%2Ffundstrat\" target=\"_blank\" rel=\"nofollow\">https:\/\/x.com\/fundstrat<\/a><br \/><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497402-1&amp;h=287071140&amp;u=https%3A%2F%2Fx.com%2Fbmnrintern&amp;a=https%3A%2F%2Fx.com%2Fbmnrintern\" target=\"_blank\" rel=\"nofollow\">https:\/\/x.com\/bmnrintern<\/a><\/p>\n<p>\n        <b>Forward Looking Statements<br \/><\/b>This press release contains statements that constitute &#8220;forward-looking statements.&#8221; The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company&#8217;s goals regarding <span>ETH<\/span> acquisition and staking, the long-term value of <span>Ethereum<\/span>, continued growth and advancement of the Company&#8217;s <span>Ethereum<\/span> treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including BitMine&#8217;s ability to keep pace with new technology and changing market needs; BitMine&#8217;s ability to finance its current business, <span>Ethereum<\/span> treasury operations and proposed future business; the competitive environment of BitMine&#8217;s business; and the future value of <span>Bitcoin<\/span> and <span>Ethereum<\/span>. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine&#8217;s control, including those set forth in the Risk Factors section of BitMine&#8217;s Form 10-K filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on <span class=\"xn-chron\">April 3, 2025<\/span>, as well as all other SEC filings, as amended or updated from time to time. Copies of BitMine&#8217;s filings with the SEC are available on the SEC&#8217;s website at <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497402-1&amp;h=2635580049&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" target=\"_blank\" rel=\"nofollow\">www.sec.gov<\/a><\/u>. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY60946&amp;sd=2025-08-28\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/david-sharbutt-to-join-bitmine-bmnr-board-of-directors-302540618.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/david-sharbutt-to-join-bitmine-bmnr-board-of-directors-302540618.html<\/a><\/p>\n<p>SOURCE  BitMine Immersion Technologies, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY60946&amp;Transmission_Id=202508280730PR_NEWS_USPR_____NY60946&amp;DateId=20250828\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire David Sharbutt to lead BitMine&#8217;s efforts to expand its digital infrastructure capabilities David Sharbutt served 17 years on American Tower&#8217;s Board (AMT), one of America&#8217;s largest REITs BitMine is the world&#8217;s largest ETH Treasury company with Crypto + Cash Holdings Exceeding $9 billion, including 1.79 million ETH Tokens and total cash of $775MM BitMine is supported by a premier group of institutional investors including ARK&#8217;s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital to support BitMine&#8217;s goal of acquiring 5% of ETH: The alchemy of 5% LAS VEGAS , Aug. 28, 2025 \/PRNewswire\/ &#8212; (NYSE AMERICAN: BMNR) BitMine Immersion Technologies, Inc. (&#8220;BitMine&#8221; or the &#8220;Company&#8221;) today announced that David Sharbutt has been &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/david-sharbutt-to-join-bitmine-bmnr-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;David Sharbutt to Join BitMine (BMNR) Board of Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-879954","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>David Sharbutt to Join BitMine (BMNR) Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/david-sharbutt-to-join-bitmine-bmnr-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"David Sharbutt to Join BitMine (BMNR) Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire David Sharbutt to lead BitMine&#8217;s efforts to expand its digital infrastructure capabilities David Sharbutt served 17 years on American Tower&#8217;s Board (AMT), one of America&#8217;s largest REITs BitMine is the world&#8217;s largest ETH Treasury company with Crypto + Cash Holdings Exceeding $9 billion, including 1.79 million ETH Tokens and total cash of $775MM BitMine is supported by a premier group of institutional investors including ARK&#8217;s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital to support BitMine&#8217;s goal of acquiring 5% of ETH: The alchemy of 5% LAS VEGAS , Aug. 28, 2025 \/PRNewswire\/ &#8212; (NYSE AMERICAN: BMNR) BitMine Immersion Technologies, Inc. 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