Alvin Lang
Aug 13, 2024 15:57
Bitfarms Ltd. has appointed CEO Ben Gagnon to its Board and named Brian Howlett as Impartial Chairman. Nicolas Bonta steps down as Chairman.
Bitfarms Ltd. (Nasdaq/TSX: BITF), a worldwide vertically built-in Bitcoin information heart firm, has introduced a number of key updates to its Board of Administrators and Government Workforce, in keeping with GlobeNewswire.
Board of Administrators Updates
Ben Gagnon, at the moment serving because the Chief Government Officer, has been appointed to the Board of Administrators efficient instantly. Gagnon, who beforehand held the place of Chief Mining Officer, has performed an important position in Bitfarms’ aggressive progress technique.
Edie Hofmeister, Chair of the Governance and Nominating Committee, expressed confidence in Gagnon’s capability to drive the corporate’s strategic imaginative and prescient. “As CEO, Ben is a vital addition to the Board, and we’re assured that he’ll proceed to leverage his invaluable skillset and important perception on this new capability,” Hofmeister acknowledged.
Moreover, Brian Howlett, the present Lead Director, has been named the brand new Impartial Chairman. Nicolas Bonta, the Founder and former Chairman, has determined to step down from the Board. Howlett praised Bonta for his foundational position within the firm, significantly in spearheading worldwide enlargement efforts in Latin America.
“Nicolas performed a vital position within the basis and growth of this Firm. He laid the groundwork for our success as a bitcoin miner and spearheaded our worldwide enlargement,” Howlett remarked. Bonta additionally expressed his confidence within the new management, stating, “Now could be the precise time for me to step down and for Ben to affix the Board. I’m equally assured in Brian’s capability to steer the Board as we sit up for the following section of Bitfarms’ progress.”
Government Workforce Enhancements
In one other important transfer, Bitfarms has appointed Liam Wilson as the brand new Chief Working Officer, efficient August 26, 2024. Wilson brings over twenty years of management expertise throughout a number of industries, together with the U.S. power sector.
“Liam will play a vital position in creating and refining our operational procedures and techniques with the purpose of enhancing efficiencies,” stated Gagnon. Wilson, who has been consulting with Bitfarms for the previous six months, expressed his enthusiasm for becoming a member of the workforce. “Having labored with the workforce on a consulting foundation for the previous six months, I’ve been impressed by the manager workforce’s experience, market-leading website operations, and best-in-class amenities all through the U.S., Canada, and Latin America,” Wilson acknowledged.
About Liam Wilson
Wilson is a seasoned government with greater than 20 years of management expertise. He has transacted over 900 MW of energy throughout the U.S. and performed a pivotal position in creating and working amenities in states resembling Pennsylvania, Ohio, Georgia, Texas, and Nebraska. He’s additionally identified for main the primary large-scale Bitcoin mining demand response program within the deregulated PJM market.
About Bitfarms Ltd.
Based in 2017, Bitfarms Ltd. is a worldwide Bitcoin information heart firm that contributes its computational energy to mining swimming pools, receiving funds in Bitcoin. The corporate operates 12 Bitcoin information facilities with two extra underneath growth in Canada, the US, Paraguay, and Argentina. Predominantly powered by environmentally pleasant hydroelectric and long-term energy contracts, Bitfarms is dedicated to sustainable power utilization.
For extra data, go to their official announcement.
Picture supply: Shutterstock
