– CANADA, Toronto – Bitfarms Ltd. (TSX: BITF / NASDAQ: BITF), a global leader in vertically integrated Bitcoin data center operations, announced the nomination of Andrew Chang for his election to its Board of Directors at the Special AGM on November 20, 2024.
“The Bitfarms Board is committed to strong corporate governance and recognizes that a diverse set of skills is required to effectively oversee the execution of the Company’s strategic initiatives. Andrew is an impressive technology industry veteran whose experience and knowledge is highly complementary to that of our current Board. We believe he will be instrumental as we execute our aggressive growth plan, and we look forward to leveraging his expertise to maximize value for Bitfarms shareholders.” said Board Chairman, Brian Howlett.
About Andrew J. Chang
Andrew Chang is a 20-year veteran of the technology industry with experience as an investor, operating executive, entrepreneur, and advisor. He was a founding partner of Liberty City Ventures, a leading venture capital fund. Andrew also served as CEO of Paxos, a blockchain infrastructure platform that has powered solutions for PayPal, Stripe, and more. At Paxos, he helped grow the team from 8 to 190 employees and launched the first regulated blockchain-focused trust company and the first regulated stablecoin in the U.S. During that time, Paxos raised $500M in capital and its most recent valuation is $2.4 billion.
Before joining Paxos, Andrew Chang served as a Lead Strategic Partner Development Manager at Google, working in business development for display ad products. Before that, he was COO of ConditionOne and an associate at TechStars (NY). He also has experience managing innovation in research, analytics, and digital media at WPP PLC-owned Kantar Video and at 360i, a digital marketing agency.
Andrew Chang earned his MBA from New York University’s Leonard N. Stern School of Business, where he was President of the student body, and a BS from Boston College.
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 hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.
For more: https://www.bitfarms.com/
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