www.ceotodaymagazine.com VISION & STRATEGY PAUL FARHI CEO, Solidus AI Tech Paul, 37, knew from an early stage in his life that he was not set to be an employee. “From a young age, I was always interested in ways of making money. It both interested me and excited me in a way that nothing else did. I then had to understand and hone my skillset within industries which would allow me to flourish.” Paul began his career in the property and fine art markets and, with the fiscal success he had, began making investments in companies and industries that piqued his interest. One such fledgling industry was the relatively unknown cryptocurrency and blockchain space in 2015. Paul spent two years networking and researching all the aspects of how to make his mark and soon landed on the suggestion of mining the most recognised and original cryptocurrency, Bitcoin (BTC). Bitcoin mining involves the intricate process of generating bitcoins by solving highly complex mathematical puzzles that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of the cryptocurrency. “I looked at mining Bitcoin but quickly realised that it is not a simple process and started to make connections in the market. In 2017 I was introduced to Adrian Stoica who owns Soft Galaxy International and heads up the technical side of the business. “Adrian convinced me to look into mining a different cryptocurrency, Ethereum (ETH). We quickly joined forces and commenced a business plan to build an 8,000 square foot data centre and mine Ethereum.” The partnership between Solidus Technologies and Soft Galaxy International thrived, yet the pair quickly identified that as Ethereum would move from proof-of-work to proof-of-stake, www.ceotodaymagazine.com 86
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