Skip to content
Section 1 of 3
Next: The move

· Hiro promotes chief operating officer Alex Miller to CEO as founder Muneeb Ali becomes executive chairman

Hiro Names Alex Miller Chief Executive Officer

Hiro promoted Chief Operating Officer Alex Miller to chief executive officer on Feb. 3, 2022, as founder Muneeb Ali moved to Executive Chairman and launched Trust Machines with $150 million in new funding.

Updated on 2 min read · 3 sources

The move at a glance

The Moves Ledger, event W0235
Role
Chief Executive OfficerChief executive
Organization
Hiro Systems
In or out
InAppointed Chief Executive Officer
Became public
The first dated public source, UTC
A spacious theater interior with empty seating
A spacious theater interior with empty seating. Photo · Pexels
“Hiro's board promoted chief operating officer Alex Miller to chief executive on Feb. 3, 2022, the same day founder Muneeb Ali launched a separate company, Trust Machines, with $150 million in new funding. Does splitting a founder's attention across two entities strengthen an ecosystem, or does it just rename the same control?”

Hiro named Alex Miller as chief executive officer on Feb. 3, 2022. The Bitcoin developer tools company announced the move alongside Muneeb Ali's shift to Executive Chairman, citybiz reported2. Miller had served as Hiro's chief operating officer before the promotion. His elevation followed three months of operating in the new roles ahead of any public title change, Hiro's own announcement said1. Diwaker Gupta, previously vice president of technology, became Hiro's first chief technology officer in the same reshuffle, citybiz reported.

18 CEO appointments on the record in 2022

CEO appointments CryptoLately has verified, by year; 2026 through Oct. 2, 2026

  • 2022: 18
  • 2019, 2020, 2021, 2023, 2024, 2025, 2026

    Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.

    Read the chart as a table
    ItemValue
    20198
    20207
    20216
    202218
    202317
    202426
    202535
    202618

    Trading Venues & Brokerage led CEO appointments in 2022, with three

    CEO appointments CryptoLately has verified in 2022, by the sector of the company

      Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.

      Read the chart as a table
      ItemValue
      Trading Venues & Brokerage3
      Layer 1s & Infrastructure2
      Bitcoin & Mining2
      Capital Markets & Treasury2
      Institutional Custody & Asset Management2
      Regulation & Enforcement1

      The move

      Miller framed the promotion as a continuation, rather than a fresh start. “My time as COO at Hiro has been amazing, getting to be part of the team making Stacks the largest and fastest growing Web3 project on Bitcoin,” Miller said. “I'm honored to be stepping up as CEO and am thrilled to continue working with this great team to keep building the tools for the developers unlocking the potential of the world's original and most valuable blockchain,” he said2. Miller joined Hiro from Stack Overflow. He had been an executive there before the company's $1.8 billion sale, citybiz reported. Hiro's blog post said the leadership change had been "in the works since mid-2021." A dry run in the new roles ran for three months, the post said, ending with the Feb. 3, 2022 announcement1.

      Before and after at Hiro

      Ali ran Hiro as chief executive through Feb. 3, 2022, while also founding the broader Stacks ecosystem. Hiro's blog post said the Stacks ecosystem had grown from zero to more than 350 million monthly API requests, 50,000 Hiro Wallet downloads and 2,500 deployed Clarity smart contracts in its first year. The post called those numbers proof the team had "outpaced the community's wildest expectations"1. Miller took over daily operations at Hiro after the change. Ali became chief executive of Trust Machines, a newly launched, independent entity in the Stacks ecosystem backed by $150 million in new funding, citybiz reported2.

      What came next

      Miller held the CEO title at least through March 2023. Hiro introduced a hosted development environment called the Hiro Platform that month, and a PR Newswire release dated March 22, 2023 identified Miller as Hiro's chief executive officer. “The Hiro Platform not only increases developer productivity but also reduces the friction in deploying smart contracts on Bitcoin layers, ultimately driving the growth and adoption of decentralized applications,” Miller said in the release3.

      Sources

      1. "Big Moves at Hiro — New Roles for Muneeb, Alex, and Diwaker," Hiro Systems, Feb. 3, 2022, https://www.hiro.so/blog/big-moves-at-hiro-new-roles-for-muneeb-alex-and-diwaker
      2. "Hiro Appoints Muneeb Ali As Executive Chairman And CEO OF Trust Machines," citybiz, Feb. 3, 2022, https://www.citybiz.co/article/212357/hiro-appoints-muneeb-ali-as-executive-chairman-and-ceo-of-trust-machines/
      3. Hiro, "Introducing the Hiro Platform: The First Complete Developer Solution for Bitcoin Smart Contracts," PR Newswire, March 22, 2023, https://news.google.com/rss/articles/CBMi5gFBVV95cUxORDNhTjlyMXdTd09lTnlkLTY0WFlPUlJlNTYyM3FjWlJBUmo4VDE5S1Ziekk3aWxPcmVNbkFvOFA1eXZIYXBsTmpKQkxVTjlmRkZ5bENMbnhwNDU1ZmlVdDBWYng2NkZHaVAtRS0xbll6ZUxkcnZnMFIwa3ppSGJtT3hEMnF3ekFfSzdrVDl2TllJcVM4RGFNb3FCWlBDd3NzcV93czZxckV0QlBZVERVTUlVS3JFelJFOWo1amd3U2ppbXE2a3VlcWFWeG9YdS1zU2RJYTNmYUN1bTZQNFhhQTR2TlM3dw?oc=5

      Cite this piece

      Ryan Elliott Dennis, "Hiro Names Alex Miller Chief Executive Officer," CryptoLately, Feb 3, 2022, https://cryptolately.com/articles/hiro-names-alex-miller-chief-executive-officer

      Tags: Hiro · Stacks · CEO succession · Bitcoin developer tools

      Related, lately

      More

      Keyboard

      j k
      Move through a list
      Enter
      Open the selected piece
      /
      Search the list, or the whole site
      g then h
      Latest
      g then a
      Articles
      g then s
      The Signal
      g then o
      Opinion
      g then p
      People
      ?
      This sheet
      Esc
      Close