Bitfarms appoints Emiliano Grodzki as CEO alongside Nicolas Bonta as Executive Chairman and Brian Howlett as Lead Director

– CANADA, Toronto –  Bitfarms Ltd. (TSX: BITF | OTC: BFARF), one of the largest and most profitable public bitcoin mining operations in the world, today announced the appointment of Nicolas Bonta as Executive Chairman, effective Immediately, alongside Brian Howlett who becomes Lead Director.

The company also announced that Emiliano Grodzki has agreed to serve as Bitfarms’ CEO permanently.

These changes to the Board and executive management team respond to market conditions and prepare the Company for continued growth and new opportunities in 2021.

About Nicolas Bonta

Nicolas Bonta has served as the Chairman of Bitfarms since its inception. Mr. Bonta is a founder of Bitfarms and a successful entrepreneur with over 20 years of commercial business experience.

In June 2020, Mr. Bonta assumed the role of Chief Development Officer of Bitfarms and has been responsible for strategic corporate and business development.

About Brian Howlett

Mr. Howlett has served as an independent director of the Company since April 2020. He is a Chartered Professional Accountant and possesses over 30 years of experience in senior management as a board member and management, and with numerous public companies.

About Emiliano Grodzki

Emiliano Grodzki is a founder of the Company and until his appointment as Interim CEO, earlier this year was the Chief Strategy Officer. He too has served as a Company director since its inception.

About Bitfarms Ltd.

Bitfarms is one of the largest public bitcoin mining operations in the world and is listed on the TSX-V. Founded in 2017 it has five industrial-scale facilities across Quebec, Canada, and is responsible for infrastructure activities of approximately 1% of the entire Bitcoin mining industry and daily Bitcoin mined. Bitfarms run vertically integrated mining operations with onsite technical repair, data analytics, and engineers to deliver the computing power needed to drive the rapid growth of the global decentralized financial economy.

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