Bitfury Hires Former Binance US Chief Brian Brooks as CEO

Brooks is replacing Valery Vavilov, who will stay on as Bitfury’s “chief vision officer.”

AccessTimeIconNov 4, 2021 at 11:58 a.m. UTC
Updated May 11, 2023 at 7:01 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin mining company Bitfury has hired former Binance US chief Brian Brooks as its new CEO.

  • Brooks is replacing Valery Vavilov, who will stay on as Bitfury’s “chief vision officer,” according to an announcement Thursday.
  • “Mr. Brooks will lead the 10-year-old crypto unicorn as it launches a new funding round, increases the growth of its mining business with a revolutionary new microchip design and new global data center locations,” Bitfury announced.
  • The appointment comes weeks after news that Bitfury was planning to go public in the next 12 months in what would be Europe’s biggest cryptocurrency valuation.
  • The Amsterdam-based firm is thought to be valued at $1 billion.
  • After just four months with Binance US, Brooks resigned in August citing “differences over strategic direction” between him and his colleagues.
  • His appointment had been seen as a sign that the infamously opaque Binance was seeking an image of greater transparency through hiring well-regarded regulators to senior roles.
  • Brooks had previously served as the acting controller of the Office of the Comptroller of the Currency (OCC), the regulator for U.S. national banks, between May 2020 and January 2021.

UPDATE (Nov. 4, 14:16 UTC): Adds Bitfury’s announcement.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.