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Bitfarms Ltd. Hastens CEO Change, Defends Lawsuit

Bitfarms Ltd. Hastens CEO Change, Defends Lawsuit

Bitfarms Ltd. (TSE:BITF) has released an update.

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Bitfarms Ltd. has expedited the termination of Geoffrey Morphy as CEO, with Nicolas Bonta stepping in as interim CEO. The search for a new permanent CEO is close to completion, with an appointment expected in the coming weeks. Meanwhile, Morphy has sued the company for wrongful dismissal, seeking $27 million in damages, a claim the company vows to contest.

For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.

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