Bitfarms Appoints New CEO to Lead Expansion of International Mining Operations

• Bitfarms, a bitcoin mining firm, has confirmed hiring a new CEO, Geoff Morphy.
• The former CEO, Emiliano Grodzki, resigned as the CEO but will remain as a director on its board.
• Nicolas Bonta, the new chairman of the board of directors, praised Geoff’s appointment, saying that the new CEO helped remake Bifarms from a small Canadian company with five mining farms to an international operation with over 10 farms in four different countries.

Bitfarms, a Canadian-based bitcoin mining firm, has announced the appointment of a new CEO to the helm of the firm. Geoff Morphy has been promoted from his role as Chief Operating Officer (COO) and President to become the new CEO and President of Bitfarms. The firm broke the news via its official website and Twitter page.

The change in leadership comes days after the firm completed the sale of a $3.6 million property to further expand its mining activities. The former CEO of Bitfarms, Emiliano Grodzki, has resigned from his role but will remain as a director on the company’s board. Meanwhile, co-founder Nicolas Bonta will shift from the firm’s Executive Chairman to the chairman of the board.

Geoff Morphy, the new CEO, expressed his confidence in handling the company’s growth in the coming years. He also highlighted his determination to help the firm level up as it continues its mining activities. Nicolas Bonta, the new chairman of the board of directors, praised Geoff’s appointment, saying that he helped remake Bifarms from a small Canadian company with five mining farms to an international operation with over 10 farms in four different countries.

The recent changes at Bitfarms are expected to bring about renewed energy and focus to the firm’s operations. The firm’s commitment to providing quality services to its users and the industry at large remains unchanged. With the new leadership at the helm, Bitfarms is poised to make further strides in the cryptocurrency mining space in the coming years.