Bitfarms CFO Jeff Lucas to retire as Jonathan Mir named successor

Core Insights - Bitfarms (BITF) announced the retirement of Chief Financial Officer Jeff Lucas effective October 27, 2025, with Jonathan Mir set to succeed him [1] - Lucas will remain with the company as a strategic financial advisor and consultant through Q1 2026 to ensure a smooth transition [1] - Jonathan Mir brings over 25 years of capital markets experience, previously serving at Lazard Inc. and Bank of America [2] Company Developments - CEO Ben Gagnon highlighted Lucas's integral role in transitioning the company from an international Bitcoin miner to a U.S.-focused energy and digital infrastructure company [3] - Under Lucas's tenure, the company expanded operations across four countries, raised and deployed hundreds of millions of dollars, and closed multiple acquisitions, including the largest public M&A deal between two public miners [3] - The company currently has approximately $330 million in cash and Bitcoin, with an additional $250 million of financing available for its flagship Panther Creek Campus [3] Market Performance - The announcement follows a significant rise in BITF's stock over the last four months as markets began to recognize its high-performance computing (HPC) potential [3] - At the time of publication, BITF's stock was up 5.7% during pre-market hours [4]