Quantum Blockchain hires new mining and hardware focused manager

Quantum Blockchain hires new mining and hardware focused manager

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13:40 26.05.23

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Quantum Blockchain announced the appointment of Vladimir Kusznirczuk as its head of marketing and business development on Friday, focusing on expanding opportunities with major Bitcoin miners and mining rig manufacturers in the US and Canada.

The AIM-traded company said the appointment was effective immediately, and aimed to strengthen its presence in the rapidly evolving blockchain industry.

It said Kusznirczuk, a US citizen living in London, would bring a wealth of experience in sales and business development to the new role.

He has previously worked with prominent companies including AT&T, Sprint and T-Mobile, and BlackBerry.

His educational background included a master’s degree in Business Administration from Rider University, and a bachelor’s degree cum laude in Decision Sciences, Statistics and Computers from the same institution.

In the new position, Quantum said Kusznirczuk would primarily focus on entering into strategic partnerships and joint ventures with large-scale Bitcoin mining operations in the US and Canada, as well as working with mining rig manufacturers based in the US and China.

The initiatives aimed to capitalize on the growing demand for blockchain technology and associated hardware.

In addition, Kusznirczuk would take responsibility for the initial phase of Quantum’s recently established renewable energy mining project.

The project aimed to “revolutionize” Bitcoin mining by adopting an approach that ensured a zero carbon footprint.

To incentivize Kusznirczuk’s commitment and success, the company said it had granted him two million options on new shares in Quantum Blockchain.

These options included one million exercisable at 5p between 1 November 2023 and 25 May 2025, as well as a further one million exercisable at 10p within the same timeframe.

“The company’s priority is now on the commercialization of the Method B and Method A software programs,” said Chairman and CEO Francesco Gardin.

“At the same time, the company will accelerate its marketing and business development within the bitcoin industry, as well as continue to build its strategic alliances.”

Gardin noted that most of the world’s largest Bitcoin mining operations were currently based in the United States and Canada.

“By hiring Vlad, we have chosen an experienced American executive to engage with companies in the North American sector.

“Vlad has an excellent business development background and significant experience in managing corporate America.”

By 1317 BST shares in Quantum Blockchain Technologies were up 17.56% to 1.8515p.

Reporting by Josh White for Sharecast.com.

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