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Bitfarms Up 0.5% in U.S. Premarket As Makes Changes to Operations Team, Separates Mining Operations
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Bitfarms Up 0.5% in U.S. Premarket As Makes Changes to Operations Team, Separates Mining Operations
Sep 11, 2024 2:22 AM

07:44 AM EDT, 09/10/2024 (MT Newswires) -- Bitfarms ( BITF ) , a vertically integrated Bitcoin data center operatior, on Tuesday announced changes to its operations teams and said its mining operations will be split into two divisions.

This comes just a day after Bitfarms ( BITF ) rescheduled the Special Meeting of its shareholders -- called in response to a requisition made by Riot Platforms -- to Nov. 6 from Oct. 29.

On team changes, effective immediately, Alex Brammer has been appointed Senior Vice President of Global Mining Operations and Benoit Gobeil, currently serving as Executive Vice President of Operation & Infrastructures, has been promoted to Chief Infrastructure Officer. In conjunction with these appointments, Bitfarms Mining Operations will now be split into two divisions, Mining Operations and Infrastructure, with Brammer and Gobeil heading up the divisions, respectively.

According to the statement, the Mining Operations and Infrastructure divisions will "deliver greater scalability and accountability in data center construction, maintenance and operations and lay the foundation for the establishment of HPC/AI operations". Brammer will be responsible for miner performance, upgrades and hashrate. He will be responsible for leading all operational aspects of Bitfarms' ( BITF ) expanding global portfolio of mining assets spanning four countries across two continents. In close partnership with him, Gobeil will lead the Infrastructure team, responsible for construction, expansion, upgrades, and maintenance. Both will report directly to Ben Gagnon, Chief Executive Officer of Bitfarms ( BITF ).

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