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Bitfarms Announces Board Chair Transition in Anticipation of U.S. Redomiciliation

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-Edie Hofmeister to Succeed Brian Howlett as Chair; Howlett to Remain on Board- -Edie Hofmeister to ...

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AI Summary

Bitfarms appointed Edie Hofmeister as Chair of the Board, supporting its U.S. redomiciliation strategy. Hofmeister's extensive governance and infrastructure experience positions Bitfarms to enhance its access to capital and grow in high-performance computing and AI sectors.

Sentiment Rationale

The leadership change signifies a strategic pivot towards U.S. operations that could attract investment, similar to other companies benefiting from effective governance changes.

Trading Thesis

Investors should consider BITF as a potential buy in anticipation of increased U.S. capital access over the next 6–12 months.

Market-Moving

  • Hofmeister's leadership could positively influence investor sentiment.
  • Increased U.S. capital access may drive future growth for BITF.
  • Strategic focus on HPC/AI could result in significant revenue opportunities.
  • Redomiciliation could improve Bitfarms' stock indices inclusion chances.

Key Facts

  • Edie Hofmeister appointed as Chair of Bitfarms' Board.
  • The redomiciliation to the U.S. aims to enhance capital access.
  • Hofmeister's experience includes governance and large-scale infrastructure.
  • Bitfarms' strategy is focused on HPC/AI growth amidst U.S. transition.
  • Outgoing Chair Brian Howlett will remain as an Independent Director.

Companies Mentioned

  • Bitfarms Ltd. (BITF): Redomiciliation and new governance likely to stabilize and grow stock.
  • Tahoe Resources (THO): Hofmeister's experience there may enhance strategic leadership at Bitfarms.

Corporate Developments

This news falls into 'Corporate Developments' as it reflects significant changes in leadership and corporate strategy. Such transitions can be critical for investor confidence and future performance, particularly during the redomiciliation process.

Bitfarms Announces Board Chair Transition Ahead of U.S. Redomiciliation

Date: January 14, 2026

Source: GlobeNewsWire

Executive Leadership Changes at Bitfarms Ltd.

Bitfarms Ltd. (NASDAQ/TSX: BITF), a leading North American energy and digital infrastructure company, has announced the appointment of Edie Hofmeister as the new Chair of its Board of Directors. This significant transition aligns with the Company's strategy to redomicile in the United States, a move aimed at enhancing its operational flexibility and market access.

Hofmeister will replace Brian Howlett, who has been a Director since 2020 and served as Chairman since 2024. Howlett will continue to lend his expertise as an Independent Director, ensuring a smooth leadership transition.

Edie Hofmeister's Qualifications and Vision

With over two decades of experience in legal affairs, corporate governance, and business strategy, Hofmeister brings a wealth of knowledge to Bitfarms. Her background includes guiding multinational corporations through complex public and private offerings and multi-billion-dollar acquisitions, along with extensive experience in U.S. corporate and securities law.

From 2010 to 2019, she served as the Executive Vice President of Corporate Affairs and General Counsel for Tahoe Resources, where she played a crucial role in developing the company from a start-up to a significant player in the precious metals sector.

“I am honored to assume the role of Chair of the Board at such a defining moment for Bitfarms,” said Hofmeister. “Redomiciling to the United States is expected to increase our access to U.S. capital pools and broaden our investor base, alongside enhancing our eligibility for certain stock indices.”

CEO's Remarks on Governance and Strategy

CEO Ben Gagnon expressed gratitude towards Howlett for his leadership, noting his vital role in Bitfarms' strategic direction. Gagnon believes that Hofmeister’s extensive experience uniquely positions her to lead the Board during this critical period of transition as the Company prepares for its U.S. redomiciliation.

“This transition reflects our commitment to strong governance and strategic growth as we prepare for U.S. redomiciliation,” Gagnon stated.

About Bitfarms Ltd.

Founded in 2017, Bitfarms has established itself as a leader in energy and digital infrastructure, specializing in high-performance computing and Bitcoin mining. The Company operates a robust 2.1 GW North American energy portfolio, comprised of energized, under-development, and pipeline MW, clustered in key data center hotspots with access to essential power and fiber infrastructure.

Bitfarms is headquartered in New York, NY, and Toronto, ON, and is publicly traded on both NASDAQ and the Toronto Stock Exchange under the symbol BITF. For further information about Bitfarms and its operational updates, visit www.bitfarms.com.

Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” related to Bitfarms and its U.S. redomiciliation strategy. Such statements are based on management's expectations and involve known and unknown risks, uncertainties, and factors that may cause actual results to differ materially.

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