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Bitfarms (TSXV:BITF) announces executive appointment and options grant

Cryptocurrency
TSXV:BITF
01 April 2021 10:00 (EDT)
crytocurrencies

Bitfarms (BITF) has appointed Mr. Darcy Donelle as Vice President of Corporate Development, effective immediately.

Mr. Donelle is a CFA charter holder and a CPA. He has vast capital markets experience, having spent the past ten years with an international investment company listed on the Toronto Stock Exchange.

He brings in-depth experience in financial statement analysis and investment valuation and has built a reputation as a trusted technical advisor to management and shareholders.

Prior to 2010, Mr. Donelle worked for PricewaterhouseCoopers and Grant Thornton where he was involved with audit engagements and advisory assignments related to private equity, fair value, and corporate taxation.

He is a graduate of the University of New Brunswick, earning a BA degree in Economics and Political Science and was a recipient of UNB’s Dean Scholar Award.

The company has granted Mr. Donelle 50,000 incentive stock options. The options are exercisable into one common share at C$6.39, for a period of five years from the date of grant and are subject to vesting conditions.

Bitfarms is one of the largest, oldest and most cost-effective public Bitcoin mining operations in the world. It has a diversified production platform with five industrial-scale facilities in Quebec.

Bitfarms (BITF) is down 1.56 per cent, trading at C$6.29 per share at 10:05 am ET.

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