Digital asset miner PrimeBlock names former Goldman Sachs executives as CEO and CLO

Prime Blockchain, a leading digital asset mining and infrastructure provider, has appointed former Goldman Sachs VP Gaurav Budhrani Chief Executive Officer (CEO). Alan Konevsky, former Managing Director at Goldman Sachs, was appointed Chief Legal Officer (CLO).

PrimeBlock expects substantial mining gains

In 2021, the US’ share of Bitcoin (BTC/USD) hash rate doubled to 35.4%. PrimeBlock is committed to substantial growth of their mining operations across and beyond North America. The company’s current hashing capacity is around 1,000 PH/s, equivalent to around 0.6% of the total global Bitcoin hash rate.

Leading the way to sustainable industry growth

To provide increased infrastructure support for its growing bitcoin mining activities, PrimeBlock plans to increase investment in latest generation mining hardware, modular data center technology, and captive renewable power. The company is on a mission to lead the way to sustainable growth of the industry while supporting communities in areas with abundant energy.

Gaurav has completed over $300B of transactions

PrimeBlock’s new CEO Gaurav Budhrani most recently led Crypto Investment Banking coverage at Goldman Sachs. He has completed over $300 billion of transactions in cryptocurrencies, software, semiconductors, and energy, including the direct listing for Coinbase, which was worth $98 billion. He said:

Alan Konevsky served as executive at Mastercard, Goldman Sachs

Alan Konevsky, PrimeBlock’s new CLO, serves on the board of directors of Boston Security Token Exchange. He has held senior roles at Mastercard, Goldman Sachs and Sullivan & Cromwell in New York and London. He commented:

Chandler Song, Co-Founder of PrimeBlock, commented: