Bitfarms released its official statement on December 29th, 2022 noting that Emiliano Grodzki resigned as CEO and that Geoffrey Morphy will serve as the new CEO.
Grodzki, however, will remain in the committee of the board of directors of the company and Nicolas Bonta the executive chairman will hold new responsibility and will be chairman of board.
In a statement, Bonta Said that “In a little over two years, Geoff helped transform Bitfarms from a purely Canadian company trading on the TSX Venture Exchange with five farms in Quebec to an international powerhouse traded on both the Nasdaq and TSX with 10 operating farms in four countries driving over 4.4 exahash/second (EH/s) today.” Exahash is the measurement of computing power.
Since November 2021 crypto industry is under great pressure and all crypto miners are struggling amid the ongoing crypto winter. Increasing energy prices is one of the major reasons which is troubling miners .
Earlier this month, Core Sc
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