Former Kraken CEO Tal Cohen Joins Bitcoin Mining Platform in Advisory Role

Former Kraken CEO Tal Cohen is joining the GoMining Advisory Board which includes former Binance and Coinbase Executives.

Published by

Sneha Agrawal

June 20, 2025

Former Kraken CEO Tal Cohen Joins Bitcoin Mining Platform in Advisory Role

In a major leadership shuffle, the Bitcoin Mining Platform, GoMining, has announced a significant addition in its advisory board. It has added former Kraken US CEO Tal Cohen in the GoMining Advisory Board. With this, GoMining aims to continue its vision of making Bitcoin mining accessible through GameFi experiences.

Interestingly, the appointment comes as GoMining is looking to build its own data centre in the US. By Q2 2025, it is also looking to launch its own in-house Investment fund.

Former Kraken CEO Tal Cohen Joins Coinbase and Binance Executive

Kraken CEO Tal Cohen would be joining an advisory board that already includes 3 distinguished Executives: –

1. former Binance Executive Gleb Kostarev,

2. CEO of Magic Eden Igor Milihram and

3. Coinbase Senior adviser, Jobn Joseph.

Welcome Tal Cohen to the GoMining Advisory Board — former Kraken US CEO, with a sharp track record in crypto, strategy, and growth.

His insights will help shape a stronger future for our ecosystem. pic.twitter.com/cmqBHHatQB

— GoMining (@GoMining_token) June 20, 2025

From 2022 to 2024, Tal Cohen served as the CEO of Kraken USA (Payward Ventures Inc.), the U.S.‑facing arm of the global cryptocurrency exchange. In that role, he helped Kraken in expanded U.S. market share by navigating U.S. registrations, compliance programs, and go‑to‑market strategies amid rapidly evolving crypto regulations.

Further, before joining Kraken, Cohen led his own boutique advisory firm and co‑founded and ran Sirin Labs, the Tel Aviv‑based cybersecurity phone maker

He is going to bring immense experience to GoMining as within his 25 years of strategic consulting experience, Cohen has advised more than 50 companies across financial services, technology, and blockchain. His expertise spans M&A, marketing optimization, operational scaling, and regulatory strategy. According to the official announcement shared with BrandTalk, GoMining has till now mined 4340 BTC – a figure earned by digital miner holders – with total mining power of 8412 178 TH/s.

Are Bitcoin Mining Companies Expanding

The cost of mining a single Bitcoin has increased by 23% in Q1 2025 and is expected to continue the patter in Q2 as well.

Recently, the Bitcoin mining sector is facing both the positive and negative sides. The Scandinavian country Norway has imposed temporary banned new Bitcoin mining data centres to “preserve electricity”. According to the data from Uminers, Hashprice or the daily revenue per TH/s has dropped from about $0.12 in April 2024 to $0.049 by April 2025. This has come even as the network difficulty has climbed to a record 123 T. Miners are thus pressed to wring more efficiency from their operations.

Also Read: Uptopia to Build Launchpad for Games

With the President Trump’s tariffs, three Bitcoin mining infra providers have decided to set up their manufacturing base in the United States. Building 90% of all the global mining computers, these companies are Biymain, Canaan, and MicroBT.

The Eric Trump-led Hut 8 subsidiary American Bitcoin is also trying to establish a “new standard” in Bitcoin mining. Companies like Riot Platforms, Auradine, Bitdeer have raised millions in funding this Quarter.

With the addition of M&A and regulatory strategy experienced executive, GoMining is also expected to follow the similar path.

Also Read: Polygon’s New Venture Zisk

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About Author

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.