TORONTO: Graph Blockchain Inc. announced that Mr. Paul Haber, CPA, CA, C.Dir., has been appointed the new Chief Executive Officer of the Company effective immediately.
Andrew Ryu has stepped down from his role as Chief Executive Officer and will assume the position as the Company’s Executive Chairman.
“These management changes are aligned with the Company’s strategy to focus on cryptocurrency and drive growth in both revenue in the altcoin space and share price,” commented Andrew Ryu, Executive Chairman of Graph Blockchain.
Mr. Haber has been involved in corporate finance and capital markets for over 25 years as a banker, investor, and serial entrepreneur. He has served as the CFO and Audit Committee Chair of many public and private companies.
Mr. Haber started his career with Coopers & Lybrand, now PwC LLP. He is both a Chartered Accountant and a Certified Public Accountant, with an Honours Bachelor of Arts Degree in Management from the University of Toronto. Mr. Haber was awarded his Chartered Director designation from the DeGroote School of Business in partnership with the Conference Board of Canada.
“I am thrilled to take on the CEO role at Graph Blockchain. I am excited on the new direction of Graph and recent acquisition of Babbage Ming Corp. and the restructuring of the company to focus on crypto revenue. I believe this transition should demonstrate to the markets that Graph is focused on being dominant player in this emerging space as point of stake miner,” said Paul Haber, CEO of Graph Blockchain Inc.
Moreover, through its wholly owned cryptocurrency subsidiary, Babbage Mining Corp., Graph Blockchain has made its initial deployment of capital into the cryptocurrency Polkadot for the purpose of staking.
The Company allocated 20% of its total staking capital into the DOT Token on March 22nd, 2021. As the project develops, additional information will be provided on this allocation into the DOT Token and for other projects as per the Company’s staking strategy identified in a previous news release.
Paul Haber, CEO of Graph Blockchain Inc. commented, “We are extremely excited to be deploying funds into our initial token purchase and management and the board have taken great care in developing a process as we move forward to tokenize the Company’s cash position and grow the crypto business. The Company is greatly confident with the team and look forward to building on this first purchase of a cryptocurrency with the Polkadot token.”
Graph Blockchain Inc. is a blockchain development company that provides high performance blockchain solutions that include graphic data analysis and consulting services, implementation of data mining analysis through the use of graph databases and speed enhancements of blockchain control systems for businesses and government.
This includes Babbage Mining Corp., a wholly-owned subsidiary of the Company, which will focus on Altcoins, alternative cryptocurrencies to Bitcoin. By mining Altcoins through Proof of Work and Proof of Stake, Babbage is able to give its investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that Altcoins represent. www.graphblockchain.com www.babbagemining.com