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Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
tzero.com

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Founded Year

2015

Stage

Unattributed - II | Alive

Total Raised

$330.26M

Last Raised

$120K | 6 mos ago

Revenue

$0000 

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About tZERO

tZERO focuses on developing and commercializing financial technology (fintech) based on cryptographically-secured, decentralized ledgers, more commonly known as blockchain technologies, in order to make transactions more equitable, transparent, and accessible to all market participants.

tZERO Headquarter Location

285 Fulton Street 58th Floor

New York, New York, 10007,

United States

866-256-3109

Latest tZERO News

Bitcoin Mining and Infrastructure Company PrimeBlock Appoints Former Goldman Sachs Crypto Investment Banker as New CEO

Nov 4, 2021

11/04/2021 | 09:02am EDT Message : *Required fields Adds Alan Konevsky, Most Recently Interim CEO and Chief Legal Officer at tZERO, as Chief Legal Officer San Francisco, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Prime Blockchain inc. (PrimeBlock), a digital asset mining and infrastructure provider, announced today that Gaurav Budhrani, former Goldman Sachs VP who was spearheading the crypto investment banking coverage, and Alan Konevsky, most recently Interim CEO and Chief Legal Officer at tZERO Group and former Managing Director at Goldman Sachs, have been appointed respectively as Chief Executive Officer (CEO) and Chief Legal Officer (CLO). PrimeBlock strives to solidify itself as one of the leading vertically integrated and sustainable mining operations and infrastructure companies in North America. The United States’ share of Bitcoin hash rate doubled in 2021 reaching 35.4%, while the global Bitcoin mining industry is estimated at over $20 billion and growing. With mining operations in North Carolina, Tennessee, Pennsylvania, and Canada, PrimeBlock is committed to substantial growth of their mining operations across North America and beyond. As of today, the company operates approximately 1,000 PH/s in hashing capacity which is equivalent to approximately 0.6% of the total global Bitcoin hash rate. The company expects to increase investment in modular data center technology, latest generation mining hardware and captive renewable power to provide increased infrastructure support for its growing bitcoin mining activities. PrimeBlock is a member of the Bitcoin Mining Council, a voluntary global forum formed in 2021 with a shared mission to promote transparent energy usage and accelerate environmentally sustainable mining worldwide. It consists of 29 mining and DeFi companies, representing 33% of Bitcoin’s mining network including Michael Saylor’s MicroStrategy and Mike Novogratz’s Galaxy Digital. The company aims to lead the way of sustainable growth of the industry in North America while uplifting local communities in areas with abundant energy, driven by a blue-chip institutional-grade team with experience across cryptocurrencies and other digital assets, cross-border supply chains, software, capital markets and disruptive innovation. Prior to his appointment as PrimeBlock’s new CEO, Gaurav Budhrani spent over 12 years as a software engineer and investment banker. In his most recent role, Gaurav was spearheading Crypto Investment Banking coverage at Goldman Sachs. With more than a decade of investment banking experience, Gaurav has completed over $300bn of transactions across cryptocurrencies, semiconductors, software, and energy, including the $98bn direct listing for Coinbase. “I am incredibly excited to join PrimeBlock and partner with leaders in the bitcoin mining and crypto ecosystem. It is an exciting time for the bitcoin mining industry, as we’ve seen it increase over four times in size in 2021 to well over $20 billion annually”, stated Gaurav Budhrani, CEO. “We have a very unique opportunity to drive continued growth and innovation at every layer of the stack, by building efficient modular data center containers, partnering with key suppliers for hardware and power infrastructure, developing adjacent software applications and laying the groundwork for captive renewable power generation on our sites.”  Alan Konevsky, who is joining PrimeBlock as the new CLO, has been the Interim CEO and CLO and Board Secretary of Overstock’s digital assets venture tZERO, and serves on the board of directors of Boston Security Token Exchange. Prior to that, Alan held senior roles at Mastercard, Goldman Sachs and Sullivan & Cromwell in New York and London, with a focus on financial services and other highly-regulated industries, technology and strategic initiatives. “As the financial system is entering the secular adoption phase for digital assets and infrastructure, PrimeBlock is optimally-positioned to leverage its mining and hosting footprint to drive responsible growth and innovation across the digital ecosystem. I am delighted to join the terrific PrimeBlockexecutive team and founders to drive that journey using our solid asset base, vision and shared values,” said Konevsky. Chandler Song, Co-Founder of PrimeBlock, commented: “I am delighted that Gaurav and Alan will be joining us as CEO and CLO respectively. Both of them in their respective leadership roles bring a strong track record and unique perspectives across crypto, capital markets and the ever-evolving regulatory landscape. Furthermore, Gaurav and Alan bring a motivating drive which is closely aligned with the core values and culture at PrimeBlock.”  About PrimeBlock: PrimeBlock is a vertically integrated bitcoin mining operator and infrastructure company committed to solidifying itself as one of the leading carbon-neutral mining and infrastructure companies in North America. With community, sustainability, and performance serving as guiding principles, PrimeBlock aims to create social good and form bonds within the communities in which they mine bitcoin efficiently and sustainably. For more information, please visit: https://www.primeblock.com Forward-Looking Statements: This press release contains forward-looking statements, which are based upon current knowledge, assumptions, beliefs, estimates and expectations. Forward-looking statements include all statements that are not historical statements of fact and those regarding the intent, belief, or expectations of PrimeBlock, including, without limitation, all statements regarding its future operations, prospects, business strategies, earnings and results of operations, and can be identified by the use of words like "may," "believe," "will," "expect," "project," "estimate," "anticipate," "plan," or "continue" and similar expressions. Such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, many of which are beyond PrimeBlock’s control, and could cause PrimeBlock’s actual results to differ materially from those expressed in or implied by the forward-looking statements contained in this release. Attachment

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Research containing tZERO

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned tZERO in 1 CB Insights research brief, most recently on Feb 11, 2021.

Expert Collections containing tZERO

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

tZERO is included in 2 Expert Collections, including Blockchain.

B

Blockchain

3,798 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

F

Fintech

7,165 items

US-based companies

tZERO Patents

tZERO has filed 13 patents.

The 3 most popular patent topics include:

  • Cryptocurrencies
  • Cryptography
  • Computer networking
patents chart

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3/15/2019

10/12/2021

Cryptography, Key management, Block ciphers, Cryptographic protocols, Cryptographic attacks

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10/12/2021

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Cryptography, Key management, Block ciphers, Cryptographic protocols, Cryptographic attacks

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