BitMine Names New CEO Amid Rapid Growth of Its $11B Ether Stack [Yahoo! Finance]
Forward Industries, Inc. (FORD)
US:NASDAQ Investor Relations:
forwardindustries.com
Company Research
Source: Yahoo! Finance
Key Takeaways: BitMine named Chi Tsang as its new CEO while expanding its Ether treasury to more than 3.5 million ETH. The company is shifting from mining to a treasury-focused model, attracting institutional interest. Despite its massive ETH holdings, BitMine's stock has dropped 35% in the past month. In a notice released Friday, the company said Chi Tsang will replace Jonathan Bates as CEO, with the transition taking effect immediately. BitMine Says $11B ETH Stack Positions It as a Future Financial Giant The move comes as BitMine's ETH holdings surge to more than 3.5 million tokens, valued at over $11 billion based on Monday's price of $3,175. Tsang said the company's position has now expanded beyond its mining origins. “With its substantial Ethereum holdings and credibility with both Wall Street and the Ethereum ecosystem, BitMine is positioned to become a leading financial institution,” he said. Alongside the leadership change, BitMine appointed three new independ
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- Largest Corporate Solana Holder Transfers 1.8 Million SOL To Coinbase—Is a Sell-Off Coming? [Yahoo! Finance]Yahoo! Finance
- Forward Industries Announces NASDAQ Ticker Symbol Change to ‘FWDI’ Effective November 17, 2025Business Wire
- Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering [Yahoo! Finance]Yahoo! Finance
- Solana Treasury Firm Forward Industries Files Prospectus and Approves $1B Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Forward Industries Announces Resale Prospectus Supplement; Board Authorizes New $1 Billion Share Repurchase ProgramBusiness Wire
FORD
Sec Filings
- 12/5/25 - Form 8-K
- 11/14/25 - Form 8-K
- 11/14/25 - Form 424B5
- FORD's page on the SEC website