BHPA, INC. Announces Lu Chen as New CEO

Rhea-AI Summary

BHPA, INC. has announced the appointment of Lu Chen as its new CEO, replacing Wenjie Wu, who has retired for personal reasons. Chen brings a wealth of experience in Bitcoin mining and blockchain technologies, holding a master's degree in software engineering. He is focused on continuing BHPA's strategy in cloud computing and mining solutions, emphasizing the importance of data storage and computing power in the digital economy. The company aims to leverage its strengths and adapt to industry changes to generate greater stakeholder value.

Positive

• Lu Chen's extensive experience in Bitcoin mining and blockchain technology may drive innovative strategies.
• Focus on leveraging existing business strengths to expand market presence.
• Commitment to adapt and innovate in response to the evolving digital landscape.

Negative

• Change in leadership could lead to potential continuity issues.
• Wu's departure may create uncertainty regarding the company's strategic direction.

IRVINE, Calif.--(BUSINESS WIRE)-- BHPA, INC. (OTC Markets: BHPA), a cloud computing power services & blockchain technologies company, announced today that Lu Chen has been appointed as the company’s Chief Executive Officer, succeeding Wenjie Wu who has served as CEO of the company since the business was founded. Mr. Wu has since retired from all his duties within the company for personal reasons.

Mr. Chen holds a master’s degree in software engineering from University of Electronic Science and Technology of China. He has extensive experience in large-scale Bitcoin mining construction and operations, and is a seasoned expert in distributed system and decentralized consensus algorithms design as well.

Mr. Chen is the founder and chairman of Echem Ltd, and the co-founder of Moyun Technology Ltd and Sobey Cloud Ltd. Sixteen years of business experience in the field of engineering technology and blockchain industry has brought him plenty of experience in technology, marketing and management.

“I am honored and excited to be appointed as the CEO of BHPA, and I am really looking forward to working closely with our management team to continue developing the business and creating stakeholder value over the coming years. BHPA has been focusing on cloud computing power and growing it for the past few years. I agree with the company’s current strategy and vision, and will continue to develop in the direction while making the necessary adjustments.

“With the acceleration of the global digital transformation process, many industries are rapidly adopting and realizing informatization, intellectualization and cloudlization. Under such background, cloud computing is becoming a vital driving force. Looking into the future, data storage and computing power should become the most important infrastructure of the digital economy society, pushing the world into a new era of intellectualization and digitization.

“The team and I will continue reinforcing on our existing business, leveraging our strengths, expanding our industry portion, and taking the lessons we learned from the pandemic to find the most innovative solutions and create greater value for the company.”

About BHPA

BHPA, INC. (OTC: BHPA) is leveraging its strong cloud hash power and big data processing capabilities toward the creation of a reliable and convenient cloud hash power service platform. The Company's wholly-owned subsidiary, BHP Advance Inc., which acts as the technology and service operator, provides a cryptocurrency mining SaaS platform powered by a reliable and secure blockchain algorithm, along with market-leading data processing capabilities and other online services. BHP Advance has a well-established global partnership network with large-scale cryptocurrency mining farms. The Company is dedicated to providing a cloud mining solution capable of breaking new barriers in the cryptocurrency mining space, allowing crypto mining firms and enthusiasts to transcend the defining limitations of time, power, and technology horizon.

("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)

View source version on businesswire.com: https://www.businesswire.com/news/home/20210914005529/en/

Corporate Contact:

Echo Lin

Email: info@bhpadvance.com

Phone: (503) 832-7356

Official Website: bhpadvance.com

Source: BHPA, INC.

FAQ

Who is the new CEO of BHPA?

Lu Chen has been appointed as the new CEO of BHPA, succeeding Wenjie Wu.

What experience does Lu Chen bring to BHPA?

Lu Chen has extensive experience in Bitcoin mining and blockchain technologies.

Why did Wenjie Wu retire from BHPA?

Wenjie Wu retired for personal reasons.

What is BHPA's focus under Lu Chen's leadership?

BHPA aims to continue its focus on cloud computing and mining solutions.

How might Lu Chen's appointment impact BHPA's growth?

Lu Chen's appointment could foster innovative strategies and business expansion.