HighBitCoin™ Announces that Silicon Valley Veteran David Bell Joins the Board of Directors

CAMPBELL, SILICON VALLEY, Calif., Dec. 11, 2013 /PRNewswire/ -- HighBitCoin^TM announced that Silicon Valley veteran David Bell has joined as a member of its Board of Directors.

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"We are in the midst of a technology revolution that truly has transformational properties. I am excited by the opportunities for using Bitcoins in everyday life. Ultimately Bitcoin mining will need to be a trade-off between power and increasingly higher hash-rate performance. Low-power system expertise is going to be a key differentiator in this market," said Mr. Bell.

"I am eager to welcome David and his expertise to our Board. He has deep knowledge in analog and power domains. His experience in building and scaling large technology companies will be invaluable to us. I look forward to working closely with David in the coming months as we bring our solutions to the market," said Gangesh Ganesan, CEO of HighBitCoin^TM.

David Bell is an experienced high-tech executive in both the semiconductor and high-tech systems industries. From 2008 through 2012 he served as CEO of Intersil, a public analog & mixed signal semiconductor company.  Prior to joining Intersil, Mr. Bell was President of Linear Technology Corporation, another analog & mixed signal semiconductor company.  Prior to Linear Tech, he served as Director of Hardware Development at IDEO, Manager of Hardware Development at Sydis (an integrated voice & data minicomputer company), and Engineering Project Manager at HP Data Systems Division. 

Mr. Bell has served on the Board of Directors of the Semiconductor Industry Association (SIA), Global Semiconductor Alliance (GSA), the Silicon Valley Leadership Group (SVLG), Intersil, among others. Mr. Bell earned his BSEE degree from the Massachusetts Institute of Technology, focusing on analog circuit design.

About Bitcoin Mining

Bitcoin mining is based on the computation of a cryptographic mathematical function commonly known as the SHA-256 hash function. Bitcoin mining equipment is rated based on hash rates per second. Bitcoin mining solutions provide increasingly higher hash rates per second to ensure the correct solutions of mathematical puzzles that are intrinsic to the Bitcoin network.

About HighBitCoin^TM

HighBitCoin^TM was founded with a long term vision of transforming the Bitcoin mining market by enabling the widest adoption of bitcoin mining services in the world. Founded by a group of leading professionals in the Semiconductor, High Performance Computing (HPC), Mobile and Networking Systems markets, HighBitCoin^TM brings the most advanced technology to bitcoin mining. Our ASIC based solutions provide the highest performance at the lowest cost and power in the bitcoin mining industry. HighBitCoin^TM is headquartered in Silicon Valley, California, USA with development teams distributed worldwide.

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SOURCE HighBitCoin