Bitfarms Ltd. (BITF)

1.8300 -0.0900 (-4.69%) At close: 04:00PM EDT

Bitfarms Ltd.

110 Yonge Street
Suite 1601
Toronto, ON M5C 1C4
Canada
(647) 259-1790
https://www.bitfarms.com

Sector(s): Financial Services
Industry: Capital Markets
Full-time employees: 170

Key executives

Name	Title	Pay	Exercised	Year born
Mr. L. Geoffrey Morphy	President, CEO & Director	609.43k	N/A	N/A
Mr. Jeffrey P. Lucas	Chief Financial Officer	452.15k	N/A	1960
Mr. Philippe Fortier	Senior Vice President of Corporate Development	N/A	N/A	N/A
Ms. Andrea Keen Souza	Vice-President of Human Resources	N/A	N/A	N/A
Paul Magrath	Vice President of Taxation & Sustainability	N/A	N/A	N/A
Ms. Patricia Osorio	VP & Corporate Secretary	N/A	N/A	N/A
Guillaume Reeves	Vice President of Information Technology	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.

Corporate governance

Bitfarms Ltd.’s ISS governance QualityScore as of 1 May 2024 is 9. The pillar scores are Audit: 6; Board: 9; Shareholder rights: 2; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.