• TSX-V: CBITC$0.06
  • OTCQB: CBTTF US$0.04
  • BTC-USD$117,426.00
  • CBIT bitcoin holdings: 6 sats / share

Team

  • Management
  • Directors
Team Member

Joel Block

Chief Executive Officer

Joel Block is a seasoned executive with over 20 years of experience leading teams in operations, sales, capital markets and finance. He served as Chief Financial Officer of US Bitcoin Corp., where he led its landmark merger with Hut 8 Corp – the largest in the bitcoin mining sector at the time. Similarly, during the Celsius Bankruptcy / Ionic Digital, he led a $750mm spin out from the bankruptcy auction. Previously, he was CEO of Collegewise, one of the largest college admissions companies. Joel began his career in a number of roles at Credit Suisse, including as a Vice President on the Institutional Fixed Income Sales team, where he specialized in interest rate derivatives and hedging transactions. Joel received his Bachelor of Business Administration with concentrations in Finance and Accounting and a minor in Statistics from the University of Michigan Ross School of Business.

Team Member

Tom Masiero

Head of Strategy

Tom Masiero co-founded Kungsleden Inc.’s predecessor entities in 2022 and has been responsible for growing Kungsleden’s power capacity under management to an expected 90 megawatts as Chief Executive Officer. Prior to Kungsleden, Tom worked as Cathedra’s Head of Business Development in 2022, deploying the Corporation’s fleet of over 4,000 latest generation Bitmain mining machines. Earlier in his career, Tom co-founded and served as Chief Operating Officer for Great American Mining, one of the first companies to mine bitcoin off-grid using flare gas in the oilfield, which was acquired by Crusoe Energy Systems in 2022. Tom brings decades of experience across internet and digital media, entrepreneurship, and bitcoin mining.

Team Member

Gavin Qu

Head of Growth

Gavin Qu was an investor in and co-founder of Kungsleden Inc.’s predecessor entities in 2022. Prior to Kungsleden, he was an investor in and operator of over 200 megawatts of bitcoin mining capacity across dozens of sites in the United States in roles at various companies. Gavin began his career in Goldman Sachs’ sales and trading division in Hong Kong and holds an undergraduate degree in Economics from the University of California, Berkeley.

Team Member

Inar Kamaletdinov

Chief Financial Officer

Inar Kamaletdinov has years of experience in the Canadian capital markets as a finance executive across a range of high-growth sectors. He is a Chartered Professional Accountant (CPA, CA). Inar is the co-founder of and Partner at Imperium Consulting, a firm providing corporate accounting services. He previously was a Senior Staff Accountant at Ernst & Young.

Team Member

Joel Block

Chairman

Joel Block is a seasoned executive with over 20 years of experience leading teams in operations, sales, capital markets and finance. He served as Chief Financial Officer of US Bitcoin Corp., where he led its landmark merger with Hut 8 Corp – the largest in the bitcoin mining sector at the time. Similarly, during the Celsius Bankruptcy / Ionic Digital, he led a $750mm spin out from the bankruptcy auction. Previously, he was CEO of Collegewise, one of the largest college admissions companies. Joel began his career in a number of roles at Credit Suisse, including as a Vice President on the Institutional Fixed Income Sales team, where he specialized in interest rate derivatives and hedging transactions. Joel received his Bachelor of Business Administration with concentrations in Finance and Accounting and a minor in Statistics from the University of Michigan Ross School of Business.

Team Member

Gavin Qu

DIRECTOR

Mr. Qu was an investor in and co-founder of Kungsleden Inc.’s predecessor entities in 2022. Prior to Kungsleden, he was an investor in and operator of over 200 megawatts of bitcoin mining capacity across dozens of sites in the United States in roles at various companies. Mr. Qu began his career in Goldman Sachs’ sales and trading division in Hong Kong and holds an undergraduate degree in Economics from the University of California, Berkeley.

Team Member

Tom Masiero

DIRECTOR

Mr. Masiero co-founded Kungsleden Inc.’s predecessor entities in 2022 and has been responsible for growing Kungsleden’s power capacity under management to an expected 90 megawatts as Chief Executive Officer. Prior to Kungsleden, Mr. Masiero worked as Cathedra’s Head of Business Development in 2022, deploying the Corporation’s fleet of over 4,000 latest generation Bitmain mining machines. Earlier in his career, Mr. Masiero co-founded and served as Chief Operating Officer for Great American Mining, one of the first companies to mine bitcoin off-grid using flare gas in the oilfield, which was acquired by Crusoe Energy Systems in 2022. Mr. Masiero brings decades of experience across internet and digital media, entrepreneurship, and bitcoin mining.

Team Member

Marcus Dent

DIRECTOR

Mr. Dent is a media personality and thought-leader in the Bitcoin industry. He is the founder and owner of a Bitcoin and free markets-focused media company, which he operates under the pen name Marty Bent, that has educated millions of people about Bitcoin’s potential. He is also a venture partner at Ten31, a venture capital firm focused on making early-stage investments in the Bitcoin ecosystem. Previously, Mr. Dent was the director of business development at Great American Mining ("GAM"), a bitcoin mining company focused on off-grid deployments using non-rival energy sources such as natural gas that would otherwise be flared throughout oil fields.

Team Member

David Jaques

DIRECTOR

Mr. Jaques was the founding CFO of PayPal and SVP of Silicon Valley Bank. He brings the viewpoint of a senior level financial executive with experience in private equity, early stage high-growth companies and banking. Mr. Jaques is currently the CFO of Greenough Consulting Group which provides advice to emerging, mid-market and private equity firms.

Team Member

Matthew Kita

DIRECTOR

Mr. Kita is an experienced corporate attorney having spent time in both private practice and in-house, most recently as Chief Legal Officer of Axiom, a bitcoin focused finance company. Prior to joining Axiom, Mr. Kita served as general counsel of Cathedra as well as held various positions within the legal departments of BitGo and FIS. Prior to working in-house, Mr. Kita practiced at the law firms Reed Smith and Stevens & Lee. Mr. Kita holds both an undergraduate degree in Economics and a law degree from The Pennsylvania State University and a LLM in taxation from Temple University.

Disclaimer

This calculator presents the historical daily block reward based on the miner’s share of global hash rate applied to the global daily mining rewards including transaction fees. The more commonly used “Difficulty Method” of calculating rewards presents a theoretical estimate of mining rewards. The Miner’s Share method presented here is calculated off of actual historical data and is a more accurate method of calculating historic mining rewards. This method has been validated to within 1-2% of real mining results.

This calculator is provided as an approximation of reward mechanism of the Bitcoin blockchain, it does not constitute investment advice. This calculator is based on theory and cannot account for statistical variations in solving the cryptographic hash-function, or various real world phenomena that may affect the actual performance of a cryptocurrency mine such as: degradation of mining equipment, the need for mining equipment maintenance, and/or electrical/heating issues. Fortress Blockchain and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon, or as a result of the information, provided by this tool. Fortress Blockchain is not responsible for any human or mechanical errors, or omissions.

All Regional Energy Prices based on national averages in USD

US price: = $0.0663/kWh
Canadian price: C$0.07039/kWh ÷ 1.30 = $0.0541/kWh
Iceland price: EUR 0.080/kWh ÷ 0.81 = $0.0987/kWh
China price: RMB 0.548/kWh ÷ 6.33 = $0.0866/kWh

 

I have read the disclaimer