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BitMine hires Tom DeMark, founder of DeMark Analytics, as a strategic advisor to optimize Ethereum accumulation strategies.
According to a TechFlow message on November 19, PRNewswire reported that BitMine Immersion Technologies (NYSE AMERICAN: BMNR) announced the hiring of Tom DeMark and his DeMark Analytics company as strategic advisors.
Tom Lee, Chairman of BitMine, stated that as the largest holder of Ethereum globally, the company purchases hundreds of millions of dollars worth of Ethereum every week, thus requiring Tom DeMark's systematic analysis model to optimize acquisition strategies. The DeMark indicators have been particularly accurate in the Bitcoin and Ethereum markets.
Tom DeMark is the founder and CEO of DeMark Analytics, with over 50 years of experience in the financial markets. He has provided consulting services to top institutions such as Goldman Sachs and Citibank, as well as renowned investors like George Soros and Paul Tudor Jones.