Bitfarms Ltd. announced updates to its Board of Directors and Executive Team. Ben Gagnon, Chief Executive Officer of Bitfarms, has been appointed to the Company?s Board of Directors (the ?Board?), effective immediately. The Company also announced that the Board has appointed Lead Director Brian Howlett as its new independent Chairman.

Nicolas Bonta, Founder and former Chairman, has decided to step down from the Board, also effective immediately. The Board will continue to be comprised of five directors, four of whom will be independent. The Company also announced that Liam Wilson, an experienced executive with over two decades of leadership experience across multiple relevant industries, has been appointed Chief Operating Officer, effective August 26, 2024.

Mr. Wilson is a seasoned operating executive with more than 20 years of leadership experience. Mr. Wilson has transacted in excess of 900 MW of power across the U.S. including developing and operating facilities in Pennsylvania, Ohio, Georgia, Texas and Nebraska. He is an expert in the deregulated U.S. energy industry, having led the first large scale and market-leading Bitcoin mining demand response program in the deregulated PJM market.

His previous senior executive experience includes roles as the Chief Operating Officer for publicly traded Mawson Infrastructure Group Inc., Group Operations Manager for publicly traded EVT Hospitality and Entertainment, and Group Operations Manager for The Whitehouse Group.