Bitfarms Names Ben Gagnon as CEO to Spearhead Growth Strategy

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Exciting news in the world of cryptocurrency as Bitfarms Ltd. (NASDAQ/TSX: BIT) announces the appointment of Ben Gagnon as the new Chief Executive Officer. This move is expected to drive future growth and expansion for the global Bitcoin data center company.

Leadership Transition

Ben Gagnon is no stranger to the world of Bitcoin mining, having joined Bitfarms in 2019 as the Director of Business Development. With his extensive experience and expertise, Gagnon quickly rose through the ranks to become the Chief Mining Officer in 2021. His leadership and vision have been instrumental in shaping Bitfarms’ mining strategy, growth plans, and integration of new technologies.

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According to Nicolas Bonta, Chairman of the Board of Directors, “Ben is a seasoned leader with significant experience in Bitcoin mining, and we are thrilled to appoint someone of his caliber as the Company’s next CEO.”

Future Plans and Strategies

Gagnon’s appointment comes at a pivotal moment for Bitfarms, as the company looks to diversify its business into new areas such as energy generation, heat recycling, energy trading, and high-performance computing for AI. Gagnon expressed his excitement for the opportunity to lead Bitfarms and work alongside a talented team in implementing innovative strategies for the future.

The Board of Directors has full confidence in Gagnon’s ability to lead Bitfarms through its next chapter and capitalize on growth opportunities, particularly in the U.S. market.

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Company Background

Founded in 2017, Bitfarms is a global Bitcoin data center company with a focus on sustainable energy use. The company operates multiple data centers in Canada, the United States, Paraguay, and Argentina, powered predominantly by environmentally friendly hydro-electric and long-term power contracts.

Looking Ahead

As Bitfarms continues to expand and evolve, Gagnon’s leadership will be pivotal in planning for the 2028 Bitcoin halving event and maximizing shareholder value. Stay tuned for more updates on Bitfarms’ latest developments and strategic initiatives!

For more information about Bitfarms, visit their official press release here.

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