Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically
integrated Bitcoin data center operations, today announced that it
has appointed Rachel Silverstein as U.S. General Counsel, a newly
created role, effective November 1, 2024.
Ms. Silverstein has been a practicing attorney
for over 16 years and is one of the most experienced Bitcoin
mining-focused attorneys in the U.S., having served as lead counsel
on well over a gigawatt worth of Bitcoin mining transactions across
multiple states and countries. She is the co-founder of Firm 21m, a
law firm dedicated to representing primarily Bitcoin miners, energy
companies, investors and data center builders in all manner of
commercial transactions, mergers and acquisitions, strategic
financings, energy supply agreements and hosting agreements. Prior
to founding the firm, Ms. Silverstein held the positions of General
Counsel at CleanSpark, Inc. from 2020 to 2023, and Corporate
Counsel at Zappos, among others. She earned a bachelor’s degree
from The George Washington University and a juris doctorate degree
from William S. Boyd School of Law, University of Nevada-Las
Vegas.
“We continue to strengthen the Bitfarms team and
are thrilled to have a thought leader like Rachel join our team,”
stated Ben Gagnon, Chief Executive Officer. “Internalizing this
function will drive improved operating efficiencies, further
enhance our corporate governance and reduce legal expenses.
Rachel’s extensive expertise and proven track record with Bitcoin
miners and data center builders will be invaluable as we continue
to scale in the U.S. We look forward to her contributions as we
continue to execute on our strategic initiatives and create further
shareholder value.”
Ms. Silverstein stated, “Ben and the management
team at Bitfarms are passionate, thoughtful and innovative leaders,
and I am honored and excited to join the Company during such a
pivotal time of growth. The Company has a compelling strategic
vision, and I intend to leverage my industry acumen, deal-closing
experience and operations-centric focus to execute on that vision
with clarity, diligence and efficiency.”
About Bitfarms Ltd.
Founded in 2017, Bitfarms is a global vertically
integrated Bitcoin data center company that contributes its
computational power to one or more mining pools from which it
receives payment in Bitcoin. Bitfarms develops, owns, and operates
vertically integrated data centers with in-house management and
company-owned electrical engineering, installation service, and
multiple onsite technical repair centers. The Company’s proprietary
data analytics system delivers best-in-class operational
performance and uptime.
Bitfarms currently has 12 operating Bitcoin data
centers and two under development situated in four countries:
Canada, the United States, Paraguay, and Argentina. Powered
predominantly by environmentally friendly hydro-electric and
long-term power contracts, Bitfarms is committed to using
sustainable and often underutilized energy infrastructure.
To learn more about Bitfarms’ events,
developments, and online communities:
www.bitfarms.comhttps://www.facebook.com/bitfarms/https://twitter.com/Bitfarms_iohttps://www.instagram.com/bitfarms/https://www.linkedin.com/company/bitfarms/
Forward-Looking Statements
This news release contains certain
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking information”) that are based on
expectations, estimates and projections as at the date of this news
release and are covered by safe harbors under Canadian and United
States securities laws. The statements and information in this
release regarding projected growth and expansion, and other
statements regarding future plans and objectives of Bitfarms,
improved operating efficiencies, financial performance and cost
savings in general, and other statements regarding future growth,
plans and objectives of the Company are forward-looking
information.
Any statements that involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but
not always using phrases such as “expects”, or “does not expect”,
“is expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “prospects”,
“believes” or “intends” or variations of such words and phrases or
stating that certain actions, events or results “may” or “could”,
“would”, “might” or “will” be taken to occur or be achieved) are
not statements of historical fact and may be forward-looking
information. This forward-looking information is based on
assumptions and estimates of management of Bitfarms at the time
they were made, and involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance,
or achievements of Bitfarms to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. Such factors include, among
others, risks relating to: the construction and operation of new
facilities may not occur as currently planned, or at all; expansion
of existing facilities may not materialize as currently
anticipated, or at all; new miners may not perform up to
expectations; revenue may not increase as currently anticipated, or
at all; the ongoing ability to successfully mine Bitcoin is not
assured; failure of the equipment upgrades to be installed and
operated as planned; the availability of additional power may not
occur as currently planned, or at all; expansion may not
materialize as currently anticipated, or at all; the power purchase
agreements and economics thereof may not be as advantageous as
expected; For further information concerning these and other risks
and uncertainties, refer to Bitfarms’ filings
on www.sedarplus.ca (which are also available on the
website of the U.S. Securities and Exchange Commission (the “SEC")
at www.sec.gov), including the MD&A for the year-ended
December 31, 2023, filed on March 7, 2024 and the MD&A for the
three and six months ended June 30, 2024 filed on August 8, 2024.
Although Bitfarms has attempted to identify important factors that
could cause actual results to differ materially from those
expressed in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended,
including factors that are currently unknown to or deemed
immaterial by Bitfarms. There can be no assurance that such
statements will prove to be accurate as actual results, and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
any forward-looking information. Bitfarms undertakes no obligation
to revise or update any forward-looking information other than as
required by law. Trading in the securities of the Company
should be considered highly speculative. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein. Neither the Toronto
Stock Exchange, Nasdaq, or any other securities exchange or
regulatory authority accepts responsibility for the adequacy or
accuracy of this release.
Investor Relations Contact:
BitfarmsTracy KrummeSVP, Head
of IR & Corp. Comms.+1 786-671-5638tkrumme@bitfarms.com
Media Contact:
Québec: TactLouis-Martin
Leclerc+1 418-693-2425lmleclerc@tactconseil.ca
Bitfarms (NASDAQ:BITF)
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Bitfarms (NASDAQ:BITF)
過去 株価チャート
から 11 2023 まで 11 2024