Bitfarms Ltd (OTCMKTS:BFARF) stock is trading lower in the opening session on Thursday.
Market Action
As of 10:39, BFARF stock fell by 1% at $4.49. The stock has traded 214K shares, well below its average volume of 1.35 million shares. The stock opened at $4.57 and moved in a range of $4.4500 – 4.6359.
Bitfarms Announces Appointment of Chief Financial Officer, Management Promotions and Grant of Options
- today announces the appointment of Jeffrey Lucas as Chief Financial Officer, effective June 14, 2021, as well as two management promotions.
- Mr. Lucas brings to Bitfarms extensive international financial and operational experience with public companies listed on the NYSE and Nasdaq. He will be responsible for the oversight of the finance, accounting, and reporting functions with the mandate to raise capital, enhance our corporate communications, expand our investor relations activities, increase analyst coverage, and support and integrate acquisitions as part of building a higher level of financial and operational excellence throughout the Company.
- Prior to his corporate roles, Mr. Lucas worked in high yield investment banking with L. F. Rothschild and in institutional money management as a securities analyst with Wells Capital Management. He is a Chartered Financial Analyst and Certified Public Accountant, having received that certification while with PricewaterhouseCoopers as a member of their technology and industrials practices. Mr. Lucas earned an MBA with emphasis on finance from Harvard Business School and a BA in Economics from Tufts University and studied at the London School of Economics.
“Jeff’s experience in leading and driving operational change at high growth, transformational industrial and technology companies will enable him to make an immediate impact at Bitfarms as we expand internationally and prepare for our expected upcoming listing on Nasdaq. We look forward to Jeff’s strong leadership and he will be an excellent addition to our executive management team,” said Emiliano Grodzki, Bitfarms’ CEO.
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