News
Bitfarms welcomes Fanny Philip to the Board of Directors
Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin (BTC) mining company, announced the appointment of Fanny Philip to its Board of Directors, effective immediately. The decision, approved unanimously by the Board, expands the Board to five directors, including four independent directors, according to Globe Newswire.
The experience of Fanny Philip
Fanny Philip is a seasoned expert in blockchain technology and finance, with strong experience in audit, public company reporting and mergers and acquisitions. She is the founder of MTI Conseils Inc., an accounting firm offering outsourced accounting and CFO services. Her previous roles include CFO and VP Finances at Canada Computational Unlimited Inc. and COO at SATO Technologies Corp. Currently, she is Chief Financial Officer at SOVIAGO, overseeing financial reporting and compliance, and has played an integral role in various acquisitions strategic.
Meaning of the appointment
Edie Hofmeister, Chair of Bitfarms’ Governance and Nominating Committee, highlighted the strategic value of Philip’s appointment. “Fanny’s deep knowledge of the North American and European energy sectors, combined with her extensive experience in digital assets, mining, and AI, will be invaluable as we continue to drive significant organic growth,” Hofmeister said. The appointment is part of Bitfarms’ commitment to replenishing its board of directors with independent and highly qualified candidates.
Bitfarms Operations and Growth
Founded in 2017, Bitfarms operates 12 Bitcoin mining facilities with two more in development, in Canada, the United States, Paraguay, and Argentina. The company emphasizes sustainable energy practices, primarily using hydroelectric power. Bitfarms is committed to expanding its operations and capturing a greater share of global Bitcoin demand.
Impact on the industry
Bitfarms’ decision to integrate such a prominent player in the blockchain and finance industries underscores its strategic direction towards improving operational efficiency and regulatory compliance. This move is expected to strengthen the company’s market position and shareholder value in a competitive and rapidly evolving industry landscape.
Forward-Looking Statements
This announcement includes forward-looking statements that involve risks and uncertainties, including the ability to achieve expected growth and operating objectives. Readers are cautioned not to place undue reliance on these statements, as actual results may differ materially from those anticipated. For a detailed discussion of risks, please refer to company filings on regulatory websites.
For more information, please visit Bitfarms’ official website and social media channels.
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