Bitfarms Ltd. announced that its Board of Directors has unanimously approved the appointment of Fanny Philip to the Company?s Board, effective immediately. With the appointment of Ms. Philip, Bitfarms? Board is now composed of five directors, four of whom are independent.

Ms. Philip is a recognized expert in the blockchain technology field and an accomplished finance executive with an extensive background in audit, public company reporting and mergers and acquisitions. She is the founder of MTI Conseils Inc., an accounting firm that provides outsourced accounting and CFO services. Formerly, she was the CFO and VP Finances of Canada Computational Unlimited Inc. and the COO of SATO Technologies Corp.

(TSXV: SATO, OTCQB: CCPU.F). As a former C-suite executive at a publicly traded company, she used to engage extensively in education and industry representation, advocating for regulatory changes and fostering a deeper understanding of the sector?s complexities among stakeholders, especially on reporting and financial matters. She currently serves as Chief Financial Officer at SOVIAGO, where she oversees financial reporting and compliance and has been instrumental in various strategic acquisitions.

Ms. Philip holds a CPA public account permit and is a member of the Mining Committee of the Canadian Blockchain Consortium and the President of its Québec Chapter.