Founded in 2011, Bitfury is recognized as the largest non-Chinese company that develops Bitcoin (BTC) blockchain software and provides infrastructure for BTC mining. The newly-appointed voting member to the Bitfury board of directors, Antoine Dresch, is co-founder of tech industry-focused private equity (PE) fund Koreyla Capital. Dresche has over 20 years of experience in investment banking with Goldman Sachs, UBS London and Morgan Stanley., according to a Bloomberg Executive profile. At Morgan Stanley, he oversaw major merger and acquisition (M&A) and Initial Public Offering (IPO) transactions in Europe, before founding Dresch Digital Media Advisory (DDMA) in 2011 to advise European media and Internet investors. As of 2016, he has been a partner and co-founder of Paris-based Korelya Capital, a €200 million ($228.1 million) PE fund.