Bitfarms Ltd. announced the appointment of Jeffrey Lucas as Chief Financial Officer, effective June 14, 2021, as well as two management promotions. Mr. Lucas brings to Bitfarms extensive international financial and operational experience with public companies listed on the NYSE and Nasdaq. He will be responsible for the oversight of the finance, accounting, and reporting functions with the mandate to raise capital, enhance company corporate communications, expand company investor relations activities, increase analyst coverage, and support and integrate acquisitions as part of building a higher level of financial and operational excellence throughout the company. Prior to his corporate roles, Mr. Lucas worked in high yield investment banking with L. F. Rothschild and in institutional money management as a securities analyst with Wells Capital Management. Further strengthening company executive team, Director of Mining Operations, Ben Gagnon, has been named as the company’s Chief Mining Officer and Nathaniel Port, Director of Finance has been named Senior Vice President of Finance and Accounting, both effective June 1, 2021. Mr. Gagnon has been working in the Bitcoin mining industry since 2015. His considerable mining and international experience includes establishing mining operations in China, Canada, and the United States, as well as founding multiple Bitcoin companies and developing technologies, including mining as a service, negative emissions mining (otherwise referred to as turn-key flare gas mitigation) and immersion cooling technology. Mr. Port joined Bitfarms in 2018 as one of its earliest employees. He is responsible for Bitfarms’ financial reporting and working capital management and serves as the primary interface with the company’s Big Four audit firm. Prior to joining Bitfarms, Mr. Port worked in public accounting managing audit engagements for clients primarily in the manufacturing and technology sectors.