Former Binance US CEO Brian Brooks takes over at BitFury

Brooks takes over as CEO as it launches a new round of funding and expands its mining business.

Brian Brooks, former CEO of Binance.US, is now CEO of cryptocurrency mining company BitFury, , replacing founder and long-time chief executive Valery Vavilov. Vavilov will become "Chief Vision Officer" and chairman of Bitfury's board.

"Looking forward to the next phase of our evolution, we are delighted to welcome Brian to the company. Brian is a respected executive and thought leader with deep knowledge of regulation, digital assets and capital markets who shares BitFury's vision of a decentralized peer-to-peer economy," Vavilov said in a statement.

In turn, Brooks noted that "BitFury is an established leader in the digital asset industry, renowned for its sustained research and development efforts and best-in-class proprietary technologies."

Earlier in August, Brooks abruptly left Binance US after only three months.

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