– Geoff Morphy remains CEO while an executive search is conducted –
– Company reiterates 2024 YE guidance of 21 EH/s and 21 w/TH –
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
TORONTO, Ontario and BROSSARD, Québec, March 25, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, today announces a CEO transition. L. Geoffrey Morphy, President, Chief Executive Officer and Director, will be departing upon completion of an executive search and will lead the Company during the interim. Mr. Morphy will continue to focus on our corporate growth strategy, ensuring execution towards our growth targets and a smooth transition of leadership. The Board has formed a CEO search committee of independent directors that will act expeditiously with an identified executive search firm.
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