Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 446
    NewsCryptoMarketSponsored Article

    Pepe Price Prediction: Can It Hit $0.000018 in 2025? MoonBull Whitelist Could Be the New Meme Coin Jackpot – Join Now

    The crypto world never sleeps, and meme coins have been the life…

    By
    Benedikt Krüger
    September 18, 2025
    CME to Launch Solana and XRP Options in October Pending Approval
    NewsCryptoMarket
    CME to Launch Solana and XRP Options in October Pending Approval
    September 18, 2025
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    NewsCryptoMarket
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    September 18, 2025
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    MarketCryptoEthereumNews
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    September 18, 2025
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    NewsCryptoMarket
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    September 18, 2025
  • Cryptocurrency
    image 446
    Pepe Price Prediction: Can It Hit $0.000018 in 2025? MoonBull Whitelist Could Be the New Meme Coin Jackpot – Join Now
    12 Min Read
    CME to Launch Solana and XRP Options in October Pending Approval
    CME to Launch Solana and XRP Options in October Pending Approval
    7 Min Read
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    8 Min Read
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    7 Min Read
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    8 Min Read
    Ethereum Staking
    Vitalik Defends Ethereum Staking Queue Amid Growing Concerns
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Bitcoin Mining Firm Bitfarms Reveals Leadership Changes
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Bitcoin Mining Firm Bitfarms Reveals Leadership Changes
News

Bitcoin Mining Firm Bitfarms Reveals Leadership Changes

Bitcoin Mining Firm Bitfarms Reveals Leadership Changes
Bitcoin Mining Firm Bitfarms Reveals Leadership Changes
Thibault Lefebvre
Last updated: August 14, 2024 3:33 pm
By
Thibault Lefebvre
Published August 14, 2024
5 Min Read
Share

Bitcoin mining firm Bitfarms has announced big changes in its leadership due to ongoing regulatory challenges and a takeover bid from Riot Platforms. DEYTHERE Media News reports that the Canada-based company is adjusting as it deals with these issues in the cryptocurrency industry.

Contents
  • Bitcoin Mining Firm Bitfarms Appoints New COO
  • Bitcoin Mining Firm Bitfarms Faces an Uncertain Future

Bitcoin mining firm Bitfarms, a public company headquartered in Toronto, has revealed important changes to its leadership team. These adjustments come at a critical time for the company as it faces both regulatory pressures and a recent takeover attempt by Riot Platforms. According to an August 13 press release, Bitfarms announced that Ben Gagnon, the current CEO, has been appointed to the board of directors with immediate effect. This move is seen as a strategic step as the company works to strengthen its governance structure.

Bitcoin Mining Firm
Bitfarms Navigates Leadership Shift

In addition to Gagnon’s new role on the board, Brian Howlett, who has been serving as Bitfarms’ lead director, has been promoted to the position of independent chairman of the board. Howlett will be taking over from Nicolas Bonta, a co-founder of Bitfarms who has been a key figure in the company’s expansion.

“Bonta has decided to step down from the board, a decision that takes effect immediately.”

With these changes, the board will now consist of five members, four of whom are independent, marking a significant shift in the company’s leadership.

DEYTHERE Media News highlights that these leadership changes are taking place against a backdrop of ongoing regulatory issues and a competitive takeover environment. The Ontario Capital Markets Tribunal recently nullified Bitfarms’ initial “poison pill” shareholder rights plan, which was intended to fend off the takeover bid from Riot Platforms. This plan was criticized by Riot Platforms’ CEO, Jason Les, who called it a sign of flawed corporate governance.

Bitcoin Mining Firm Bitfarms Appoints New COO

Amid the leadership reorganization, Bitcoin mining firm Bitfarms has also announced the appointment of Liam Wilson as the new Chief Operating Officer (COO), effective August 26. Wilson brings over 20 years of experience to the role and is expected to play a crucial part in refining the company’s operational procedures and systems. CEO Ben Gagnon emphasized Wilson’s appointment by stating,

“Wilson will play a critical role in developing and refining our operational procedures and systems with the goal of improving efficiencies.”

These changes in the executive team come at a time when the company is also dealing with regulatory challenges and strategic moves to protect its interests.

Bitcoin Mining Firm
Bitfarms Appoints New COO

After the Ontario Capital Markets Tribunal’s decision to nullify the initial shareholder rights plan, Bitfarms introduced a new rights plan aimed at preventing gradual acquisition attempts and ensuring fair treatment of its shareholders. This move is seen as an effort to strengthen the company’s defenses against external pressures.

DEYTHERE Media News notes that the recent takeover bid by Riot Platforms, which proposed a $950 million acquisition of Bitfarms earlier this year, was withdrawn after unsuccessful merger discussions. This failed merger attempt underscores the competitive nature of the cryptocurrency industry, where companies like Bitfarms must constantly adapt to changing circumstances.

Bitcoin Mining Firm Bitfarms Faces an Uncertain Future

The future of Bitcoin mining firm Bitfarms remains uncertain as it continues to face multiple challenges. The leadership changes, including the appointment of a new COO and the restructuring of the board, are part of the company’s efforts to navigate these challenges effectively. With regulatory pressures mounting and the threat of takeover bids looming, Bitfarms must focus on strengthening its operations and governance to ensure long-term stability.

Bitcoin Mining Firm
Bitfarms Faces Regulatory Hurdles

DEYTHERE Media News reports that the company is committed to safeguarding its shareholders’ interests while continuing to grow in a rapidly evolving industry. As Bitfarms moves forward, the success of its new leadership team will be critical in determining the company’s ability to overcome its current obstacles.

Bitcoin mining firm Bitfarms is at a crossroads, facing both regulatory hurdles and takeover threats. The recent leadership changes, including the addition of a new COO and the reshuffling of the board, reflect the company’s strategy to strengthen its position in the market.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

MoonBag Marking its Position with the Top Meme Coins Presale, Toshi and Solana Progressing with Price Increase and Growth

Will Cardano Midnight Live Up to Its Massive Expectations?

Mark Cuban Meets with Kamala Harris’ Team: Is SEC Chair Gary Gensler on the Way Out?

Elizabeth Warren Believes GENIUS Act a Trojan Horse for Political Corruption

Robinhood CEO Raises UK’s Double Standards on Gambling and Crypto Market

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByThibault Lefebvre
Thibault Lefebvre is a blockchain expert and cryptocurrency analyst with nearly a decade of experience in the field. He began his career in the tech sector, where his fascination with distributed ledger technologies led him to specialize in blockchain. Thibault has been involved in numerous international projects, including the development of blockchain platforms for various industries. His expertise spans smart contracts, blockchain governance, and the broader implications of blockchain for global finance. As a contributor to DT NEWS, Thibault delivers insightful commentary and detailed analysis of global trends in the cryptocurrency and blockchain sectors, providing readers with a deep understanding of this rapidly evolving space.
Previous Article US Court of Appeals Reboots HEX Manipulation Case Against Binance.US US Court of Appeals Reboots HEX Manipulation Case Against Binance.US
Next Article UK Inflation Rises to 2.2%, Falls Short of Expectations UK Inflation Rises to 2.2%, Falls Short of Expectations
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English