Crypto Biz: Bitfarms gets new board after months of power struggles. Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717498521704-YAKIHONNES3.jpg
The restructuring includes the appointment of CEO Ben Gagnon to the board, alongside Brian Howlett, who has been named the Independent Chairman. These changes aim to bring fresh perspectives and leadership to Bitfarms, which has faced challenges in navigating its corporate governance and strategic direction .
The restructuring of Bitfarms' board is expected to bring new leadership and direction, which could enhance the company's operational efficiency and strategic positioning in the competitive Bitcoin mining landscape. This move is seen as a crucial step in addressing the challenges Bitfarms has faced and in fostering a more collaborative environment moving forward.