FX.co ★ Bitfarms CEO To Leave; Backs Outlook

Bitfarms Ltd. (BITF), a company involved in Bitcoin mining, announced on Monday that its Chief Executive Officer and Director, L. Geoffrey Morphy, is stepping down. The company is currently in search of a new CEO to replace Morphy, according to their official statement.

In relation to its future prospects, Bitfarms confirmed its 2024 year-end guidance of 21 exahash per second (EH/s) and an energy efficiency estimate of 21 watts per terahash (w/TH).