Bitfarms Ltd. (Nasdaq/TSX: BITF), a world Bitcoin mining firm, has introduced the outcomes of its annual common and particular assembly of shareholders held nearly on Might 31, 2024. The assembly, attended by shareholders representing 39.8% of the corporate’s issued and excellent frequent shares, noticed important selections impacting the corporate’s board and future operations, in accordance with GlobeNewswire.
Board Elections and Modifications
Through the assembly, shareholders elected 4 administrators for the approaching 12 months. The elected administrators and their votes are as follows:
| Nominee | Votes For | Votes In opposition to |
| Nicolas Bonta | 82,364,315 | 7,117,680 |
| Andres Finkielsztain | 81,170,259 | 8,311,737 |
| Emiliano Joel Grodzki | 33,957,229 | 55,524,769 |
| Edith M. Hofmeister | 63,902,867 | 25,579,129 |
| Brian Howlett | 81,169,394 | 8,312,604 |
Notably, Emiliano Grodzki, a co-founder of Bitfarms, didn’t safe re-election to the board. The corporate expressed gratitude for Grodzki’s contributions and acknowledged they’re in search of an acceptable candidate to reinforce the board’s ability set and deal with independence issues raised by proxy advisory companies.
Auditor Reappointment and Different Resolutions
Shareholders authorised the reappointment of PricewaterhouseCoopers LLP as the corporate’s auditors for the approaching 12 months, with 145,721,819 votes in favor and three,774,608 votes withheld. Moreover, an extraordinary decision to resume Bitfarms’ long-term fairness incentive plan was handed with 53,277,873 votes for and 36,204,123 in opposition to.
Firm Officers
The checklist of officers for Bitfarms consists of:
- Nicolas Bonta – Chairman, Interim President & CEO
- Jeffrey Lucas – Chief Monetary Officer
- Benjamin Gagnon – Chief Mining Officer
- Benoit Gobeil – Govt Vice President Operations and Infrastructure
- Marc-André Ammann – Senior Vice President of Funds and Accounting
- Philippe Fortier – Senior Vice President of Company Improvement
- Tracy Krumme – Senior Vice President, Head of Investor Relations
- Damian Luis Polla – Normal Supervisor LATAM Operations
- Paul Magrath – Vice President Taxation & Sustainability
- Patricia Osorio – Vice President & Company Secretary
- Andrea Eager – Vice President of Human Sources
- Stephanie Wargo – Vice President of Advertising and Communications
- Guillaume Reeves – Vice President Data Know-how
- Jeff (Jun Feng) Gao – VP of Danger Administration and Optimization
About Bitfarms
Based in 2017, Bitfarms is a vertically built-in Bitcoin mining firm that operates 12 amenities throughout Canada, the USA, Paraguay, and Argentina. The corporate is dedicated to utilizing sustainable vitality, predominantly hydroelectric energy, for its mining operations. Bitfarms’ proprietary knowledge analytics system is designed to optimize operational efficiency and uptime.
Bitfarms continues to broaden its operations and develop new amenities, reinforcing its place within the international Bitcoin mining trade. The corporate’s dedication to sustainable vitality sources aligns with the rising emphasis on environmentally pleasant practices within the cryptocurrency sector.
Future Developments and Outlook
Bitfarms is actively in search of to fill the board emptiness left by Emiliano Grodzki’s departure and goals to strengthen its governance construction. The corporate additionally stays targeted on leveraging its sustainable vitality sources to reinforce its mining capabilities and operational effectivity.
The latest shareholder assembly underscores Bitfarms’ ongoing efforts to align with shareholder expectations and regulatory necessities, guaranteeing a sturdy framework for future progress and improvement within the quickly evolving cryptocurrency panorama.
Picture supply: Shutterstock
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