Business
Appointment of Bitcoin & Digital Asset Consultant
ECR Minerals PLC (LON: ECR) announced on August 22, 2025, the appointment of Perry Hothi as a specialist consultant to advise its board on the implementation of its Bitcoin and Digital Asset Treasury Management Policy, adopted on August 7, 2025. Mr. Hothi brings over a decade of experience in Bitcoin mining and blockchain technology. The company's policy aims to integrate its gold production ambitions with financial technology, allocating up to 50% of free cash flow from gold production (after operating costs, capital expenditure, and working capital) and surplus cash (considering future expenditure and maintaining 12 months' working capital) to Bitcoin acquisition. The policy, detailed on the company's investor relations website, acknowledges the volatility and risks associated with digital assets, including Bitcoin's price fluctuations and regulatory uncertainty. The company emphasizes that this policy does not alter its status under UK financial services law or its core business as a gold exploration and development company. Disclaimer*
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n\n \n22 August 2025\n \nECR MINERALS PLC\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nAppointment of Specialist Bitcoin and Digital Asset Consultant\n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the appointment of Perry Hothi as a specialist consultant adviser to its board of directors (the \"Board\" or the \"Directors\"). This appointment follows the adoption by the Company of a Bitcoin and Digital Asset Treasury Management Policy (the \"BTC Policy\" or the \"Policy\"), as announced on 7 August 2025.\n \nPerry Hothi is a seasoned technology executive with experience in Bitcoin mining operations, hardware development and large-scale infrastructure optimisation. Over his career, he has served as Chief Technology Officer for Argo Blockchain, leading the technical strategy of that company, where he was involved in maximising mining efficiency through innovative hardware-software integration, operational streamlining, and advanced power-usage optimisation.\n \nHe currently works as a blockchain solutions architect for a US point-of-sale solutions provider, where he has contributed to the design and deployment of next-generation Bitcoin mining hardware, energy-management systems and open-source mining solutions aimed at empowering both individuals and enterprises. He has more than a decade of hands-on experience in the Bitcoin mining sector.\n \nAlongside other specialists that ECR has already engaged, Perry will work with the Board on the future implementation of the BTC Policy. \n \nNick Tulloch, ECR's Chairman, said: \"I am delighted to welcome Perry to the ECR team. Amid ongoing interest in the digital currency sector, we have been determined from the start to create a Policy that can deliver long term value to our shareholders. As set out in our announcement of 7 August 2025, ECR's strategy under its BTC Policy is centred on integrating our ambitions to become a physical gold producer - which itself is currently centred on our plans for commercial mining at our Blue Mountain Gold Project in Queensland - with financial technology, as a strategy to complement our core business. The future implementation of our BTC Policy will require specialist advice and we have ...