Bitfarms Appoints Independent Board Member Amid Riot Platform’s Push for Director Replacements

cryptonews.com:

In an unexpected move, Bitfarms announced the appointment of Fanny Philip as an independent board member amidst an ongoing conflict with Riot Platforms.

Riot, which owns a 14.9% stake in Bitfarms, recently expressed intentions to replace three company board members with independent directors following a failed attempt to increase its stake.

We welcome Fanny Philip to the Bitfarms board.

Ms. Philip @FannyPh9 is a recognized expert in the blockchain technology field, with experience including:

– Founder of MTI Conseils, Inc.
– Former CFO and VP Finances of Canada Computational Unlimited Inc.
– Former COO of SATO… pic.twitter.com/FWPPM6jjfn

— Bitfarms (@Bitfarms_io) June 28, 2024

On June 27, Bitfarms, a leading Bitcoin mining company, announced the appointment of Fanny Philip to its board of directors, making four out of five board members now independent. Philip, an expert in blockchain technology and finance, brings a wealth of experience from her previous roles in various blockchain and mining companies.

Edie Hofmeister, Chair of Bitfarms’ Governance and Nominating Committee, stated,

“Fanny’s appointment to the Board follows a comprehensive search to identify a highly qualified director that enhances the Board’s skill set and marks significant progress on our commitment to refresh the Board with independent candidates.”

Hofmeister further emphasized Philip’s deep knowledge of the North American and European energy sectors, as well as her extensive experience in digital assets, mining, and AI.

Philip, who founded MTI Conseils Inc., has held senior roles in several blockchain and mining companies. She is currently the CFO at SOVIAGO, serves on the Canadian Blockchain Consortium’s mining committee, and is the president of its