Darius Baruo
Oct 14, 2025 07:16
Bitfarms Ltd. pronounces the retirement of CFO Jeff Lucas and the appointment of Jonathan Mir, as the corporate pivots in direction of HPC/AI infrastructure in North America.
Bitfarms Ltd. (Nasdaq/TSX: BITF), a number one North American vitality and digital infrastructure firm, has introduced a major management change as a part of its strategic pivot in direction of high-performance computing (HPC) and synthetic intelligence (AI) infrastructure. In response to GlobeNewswire, Jeff Lucas, the present Chief Monetary Officer (CFO), will retire, and Jonathan Mir will succeed him, efficient October 27, 2025.
Management Transition
Jeff Lucas, who has been instrumental in Bitfarms’ transformation from a world Bitcoin miner to a U.S.-focused vitality and digital infrastructure firm, will stay concerned as a strategic monetary advisor by way of the primary quarter of 2026 to make sure a seamless transition. Lucas expressed confidence sooner or later development of Bitfarms, highlighting the corporate’s stable monetary footing with roughly $330 million in money and Bitcoin, in addition to entry to $250 million in extra financing.
Jonathan Mir’s Experience
Jonathan Mir brings over 25 years of capital markets expertise, notably in vitality infrastructure. His earlier roles embody Head of North American Energy, Vitality & Infrastructure at Lazard Inc., and Managing Director in Financial institution of America’s Pure Sources and Vitality Transition group. Mir’s intensive expertise in private and non-private fairness and debt financings is predicted to be pivotal as Bitfarms executes its transition to a North American HPC/AI infrastructure firm.
Strategic Deal with HPC/AI
Below the management of CEO Ben Gagnon, Bitfarms is specializing in increasing its HPC/AI infrastructure tasks throughout key places in Pennsylvania, Quebec, and Central Washington. The corporate’s 1.3 GW vitality pipeline is predominantly U.S.-based, aligning with its technique to leverage sturdy energy and fiber infrastructure in information middle hotspots.
Gagnon expressed enthusiasm about Mir becoming a member of the crew, citing his deep sectoral information and capital markets expertise as invaluable property for Bitfarms’ subsequent development part. The corporate goals to capitalize on rising alternatives within the HPC/AI sector whereas sustaining its legacy in Bitcoin mining.
About Bitfarms
Based in 2017, Bitfarms has established itself as a pacesetter in digital infrastructure, working vertically built-in information facilities and vitality infrastructure for high-performance computing and Bitcoin mining throughout the Americas. Headquartered in New York and Toronto, Bitfarms is publicly traded on each the Nasdaq and Toronto Inventory Alternate.
Picture supply: Shutterstock
