Bitmine Immersion Technologies, Inc. announced on November 12, 2025, Jonathan Bates notified the Board of his resignation from his positions as Chief Executive Officer, effective November 12, 2025. Mr. Bates? decision to resign is not related to a disagreement with the Company on any matter relating to the Company?s operations, policies, or practices.
On November 12, 2025, the Board appointed Chi Tsang as Chief Executive Officer, effective November 12, 2025. Mr. Tsang, age 56, currently serves as the Chief Financial Officer and a Director of FutureCrest Acquisition Corp. He is also the Managing Partner and founder of m1720.
Mr. Tsang founded m1720 in 2023. He is also an adjunct professor at Fordham Gabelli School of Business. Since August 2025, he has been the Chief Financial officer of Kin Euphorics.
Prior to m1720, Mr. Tsang spent 10 years at HSBC based in Hong Kong. From 2012 to 2018, he was the head of China Internet research and then global head of e-commerce research. Mr. Tsang focused his research on e-commerce, including Alibaba and Tencent and Trip.com.
From 2018 to 2022, Mr. Tsang was the head of Telecom, Media and Technology investment banking for Asia-Pac at HSBC. Before relocating to Hong Kong, Mr. Tsang spent a decade on the buyside in New York City. Mr. Tsang was the global head of technology research at Neuberger Berman from 2000 to 2008.
From 2009 to 2011, he was the senior China analyst for 1798 Global Partners, where he was responsible for long-only and long-short investments for greater China region. Mr. Tsang received his Bachelor of Science from Cornell University in Policy Analysis and his Master of Business Administration from the Fordham Gabelli School of Business. He is a CFA charterholder.
