Bitfarms Announces the Appointment of a New Director and Provides Notice of Release of 2019 Annual Financial Statements
April 17 2020 - 5:00PM
Bitfarms Ltd. (TSX-V:BITF) (“
Bitfarms” or the
“
Company”) is pleased to announce that effective
as of April 16, 2020, Mr. Brian Howlett has been appointed as a
director of Bitfarms, filling a vacancy on the Board of Directors.
Mr. Howlett is a graduate from Concordia
University and is a Chartered Professional Accountant (“CPA, CMA”)
with over thirty years of experience in senior financial and
management roles. Mr. Howlett has served as senior officer and
director of numerous public companies over his career. He currently
serves as President and CEO of Canadian Orebodies Inc. and CR
Capital Corp., and he is a director of Nighthawk Gold Corp. and
Dundee Sustainable Technologies Inc.
Release of 2019 Financial
ResultsBitfarms also announces it will release its annual
2019 results on Wednesday April 29, 2020 prior to market open.
The Company’s senior management will be hosting
a webcast presentation at 10:00 AM EDT on April 29, 2020 to discuss
Bitfarms financial and operating results. To view the webcast
presentation, please register using the following link:
https://onlinexperiences.com/Launch/QReg/ShowUUID=5A867099-4608-42CB-A1F4-23B9E0732B36
The financial results and presentation will also
be available on our website at www.bitfarms.com
About Bitfarms Ltd.The Company
owns and operates computing centres that power the global
decentralized financial economy. Bitfarms provides computing power
to cryptocurrency networks such as Bitcoin, earning fees from each
network for securing and processing transactions. Powered by clean
and competitively priced hydroelectricity, Bitfarms operates 5
computing centres in Québec, Canada. Bitfarms’ experienced
management team includes industrial- scale data centre operators
and capital markets professionals, focused on building
infrastructure for the future by developing and hosting the
ecosystem growing around blockchain-based technologies.
For investor inquiries, please
contact:Ryan HornbyExecutive Vice President and General
Counsel+1.647.619.7804
For media inquiries, please
contact:Marc Duchesne+1.514.277.3508marc@ryanap.com
To learn more about Bitfarms’ events, developments
and online communities:
https://www.facebook.com/bitfarms/https://twitter.com/Bitfarms_io https://www.instagram.com/bitfarms/https://www.linkedin.com/company/bitfarms/Website:
www.bitfarms.com
Cautionary Statement
Trading in the securities of the Company should
be considered highly speculative. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain
“forward-looking information” within the meaning of applicable
Canadian securities laws that are based on expectations, estimates
and projections as at the date of this news release. The
information in this release about estimates, projections, future
plans and objectives of the Company are forward-looking
statements.
This forward-looking information is based on
reasonable assumptions and estimates of management of the Company
at the time it was made, and involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward- looking information. The
forward-looking statements contained in this press release are made
as of the date of this press release. Accordingly, readers should
not place undue reliance on forward-looking information. The
Company undertakes no obligation to revise or update any
forward-looking information other than as required by law.
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