Bitfarms Expands Management Team to Support Growth

Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, hired three executives for newly created positions to support its growth.

“Bitfarms is driving dynamic and rapid expansion, which we expect to continue to occur both organically and through acquisitions. To support our growth, we have strengthened our management team,” said Geoff Morphy, President and COO of Bitfarms. “Philippe Fortier will help identify, evaluate, and orchestrate acquisitions and other projects as well as assist with capital markets activities. Andrea Keen Souza will advance our human resources and talent development, particularly for our international operations. Stephanie Wargo will drive our marketing, branding, and communications initiatives. We welcome these key contributors as we forge ahead in farm development and miner optimization to, ultimately, increase our bitcoin production and shareholder value.”

Philippe Fortier, Vice President - Special Projects
Serving in various corporate finance and management roles, Fortier played an essential role in a variety of transactional and growth initiatives, both as a principal and advisor to private and listed organizations for over 10 years. Following five years as a senior auditor at Deloitte, he worked with Cendrex Industries, BDG & Partners, and National Bank Financial Markets. Fortier holds a BBA from HEC Montreal and a MSc from the London School of Economics and Political Science. He is a qualified CPA and is fluent in French, Spanish, and English.

Andrea Keen Souza, Vice President – Human Resources
Souza is a senior human resources professional with over two decades of international experience in high growth start-ups, scale-ups, and mergers and acquisitions. Most recently, she was People & Culture Leader at Telus Health Virtual Care. Previously, she worked with Bombardier Aerospace and an affiliate of General Electric in South America, among others. Souza holds a Bachelor of Commerce from Mount Allison University, an MBA from the University of São Paulo, and human resources professional certificates in Canada and the United States. Souza is fluent in English, French, Portuguese, and Spanish.

Stephanie Wargo, Vice President - Marketing
Wargo brings 25 years experience and depth of knowledge working for rapidly growing financial services companies. Most recently, Wargo served six years as Vice President, Global Marketing for PrimeRevenue, where she managed content strategy, branding, advertising, media relations, among other responsibilities. Beginning her career with Wells Fargo in product management, she subsequently was Vice President, Marketing & Communications for BitPay and Vice President Client Relations & Marketing for FirstView Financial. She is a graduate of Agnes Scott College, Decator, GA.

About Bitfarms Ltd.

Founded in 2017, Bitfarms is a global Bitcoin self-mining company, running vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver high operational performance and uptime.

Having demonstrated rapid growth and stellar operations, Bitfarms became the first Bitcoin mining company to complete its long form prospectus with the Ontario Securities Commission and started trading on the TSX-V in July 2019. On February 24, 2021, Bitfarms was honoured to be announced as a Rising Star by the TSX-V. On June 21, 2021, Bitfarms started trading on the Nasdaq Stock Market.

Bitfarms has a diversified production platform with five industrial scale facilities located in Québec, one in Washington state, and one in Paraguay. Each facility is over 99% powered with environmentally friendly hydro power and secured with long-term power contracts. Bitfarms is currently the only publicly traded pure-play mining company audited by a Big Four accounting firm.