Bitfarms Announces Board Chair Transition in Anticipation of U.S. Redomiciliation

Core Viewpoint - Bitfarms Ltd. has appointed Edie Hofmeister as the new Chair of the Board, succeeding Brian Howlett, as part of its strategy to redomicile to the United States, aiming to enhance access to U.S. capital and broaden its investor base [1][3]. Group 1: Leadership Transition - Edie Hofmeister brings over 20 years of experience in legal affairs, corporate governance, and business strategy, having previously served in senior leadership roles and guided multinational companies through various financial processes [2]. - Brian Howlett, who has been with Bitfarms since 2020, will continue to serve as an Independent Director after stepping down as Chairman [1][3]. Group 2: Strategic Focus - The redomiciliation to the U.S. is expected to improve Bitfarms' eligibility for inclusion in certain stock indices and increase access to U.S. capital pools [3]. - The company aims to maintain strong governance while executing its HPC/AI growth strategy during this transition [3]. Group 3: Company Overview - Bitfarms is a North American energy and digital infrastructure company focused on building and operating data centers and energy infrastructure for high-performance computing and Bitcoin mining [4]. - The company has a 2.1 GW energy portfolio in North America, which includes energized, under development, and pipeline megawatts, strategically located in areas with robust power and fiber access [4].