Bitfarms Welcomes Fanny Philip to Board of Directors

Bitfarms
Ltd.
(Nasdaq/TSX:
BITF),
a
global
Bitcoin
(BTC)
mining
company,
has
announced
the
appointment
of
Fanny
Philip
to
its
Board
of
Directors,
effective
immediately.
The
decision,
unanimously
approved
by
the
Board,
expands
the
board
to
five
directors,
four
of
whom
are
independent,
according
to

GlobeNewswire.

Fanny
Philip’s
Expertise

Fanny
Philip
is
a
seasoned
expert
in
blockchain
technology
and
finance,
with
a
robust
background
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
serves
as
the
Chief
Financial
Officer
at
SOVIAGO,
overseeing
financial
reporting
and
compliance,
and
has
played
a
pivotal
role
in
various
strategic
acquisitions.

Significance
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
stated.
The
appointment
is
part
of
Bitfarms’
commitment
to
refresh
its
Board
with
independent
and
highly
qualified
candidates.

Bitfarms’
Operations
and
Growth

Founded
in
2017,
Bitfarms
operates
12
Bitcoin
mining
facilities
with
two
more
under
development,
spanning
Canada,
the
United
States,
Paraguay,
and
Argentina.
The
company
emphasizes
sustainable
energy
practices,
primarily
utilizing
hydro-electric
power.
Bitfarms
is
dedicated
to
expanding
its
operations
and
capturing
a
larger
share
of
the
global
demand
for
Bitcoin.

Industry
Impact

Bitfarms’
decision
to
integrate
such
a
prominent
figure
in
the
blockchain
and
finance
sectors
underscores
its
strategic
direction
towards
enhancing
operational
efficiency
and
regulatory
compliance.
This
move
is
expected
to
bolster
the
company’s
market
position
and
shareholder
value
amid
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
projected
growth
and
operational
goals.
Readers
are
advised
not
to
place
undue
reliance
on
these
statements,
as
actual
results
may
differ
materially
from
those
anticipated.
For
a
detailed
discussion
of
the
risks,
refer
to
the
company’s
filings
on
regulatory
websites.

For
further
information,
visit
Bitfarms’
official
website
and
social
media
channels.

Image
source:
Shutterstock