Cryptocurrencies
Bitcoin Miner Bitfarms Names New CEO as Riot Takeover Attempt Heats Up
- Bitfarms picked Chief Mining Officer Ben Gagnon to be CEO
- Riot launches website criticizing Bitfarms’ board of directors
Employees check fans on mining machines at a Bitfarms facility in Farnham, Quebec, Canada.
Photographer: Christinne Muschi/BloombergBitcoin miner Bitfarms Ltd. appointed a new chief executive officer from within its own ranks as a pressure campaign from spurned suitor Riot Platforms Inc. becomes more pronounced.
Bitfarms’ board of directors named the company’s Chief Mining Officer Ben Gagnon as CEO, according to a statement Monday. Gagnon is the fifth Bitfarms CEO in the past five years.