Quantum Blockchain announced the appointment of Vladimir Kusznirczuk as its marketing and business development manager 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 residing in London, would bring a wealth of experience in sales and business development to the new role.
He 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 forging strategic partnerships and joint ventures with large-scale Bitcoin mining businesses in the US and Canada, as well as collaborating with mining rig manufacturers based in the US and China.
The initiatives were aiming to capitalise on the growing demand for blockchain technology and its associated hardware.
Additionally, Kusznirczuk would take charge of the initial phase of Quantum’s recently-established renewable energy mining project.
The project was aiming to “revolutionise” 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 over new shares in Quantum Blockchain.
Those options included one million exercisable at 5p between 1 November 2023 and 25 May 2025, as well as an additional one million exercisable at 10p within the same time frame.
“The company’s priority is now on the commercialisation of its software programmes Method B and Method A,” said chairman and chief executive officer Francesco Gardin.
“In parallel, the company will accelerate its marketing and business development within the bitcoin industry, as well as continuing to build its strategic alliances.”
Gardin noted that most of the world’s largest Bitcoin mining businesses were currently based in the US and Canada.
“In bringing on Vlad, we have selected an experienced US manager to engage with the North American sector companies.
“Vlad has an excellent business development background and significant experience in dealing with corporate America.”
At 1317 BST, shares in Quantum Blockchain Technologies were up 17.56% at 1.8515p.
Reporting by Josh White for Sharecast.com.