Cryptocurrency mining agency Bitfarms has appointed Ben
Gagnon as its Chief Govt Officer in a transfer the corporate mentioned marks a brand new
chapter because it seeks to increase and diversify its operations past Bitcoin
mining.
Gagnon, previously Chief Mining Officer, has reportedly
been a key participant in Bitfarms’ rise throughout the Bitcoin mining business. With
his intensive expertise, he’s anticipated to guide the corporate in direction of new progress
alternatives.
Bitfarms Targets New Alternatives
Underneath Gagnon’s management, Bitfarms plans to discover
new areas reminiscent of vitality era, warmth recycling, vitality buying and selling, and
high-performance computing for synthetic intelligence. Throughout his tenure because the Chief Mining Officer, Ben reportedly performed a major position within the
improvement of Bitfarms’ progress plan.
Expressing his enthusiasm in regards to the new position, Gagnon
emphasised the transformational nature of the previous yr for Bitfarms and
highlighted the strategic planning for the upcoming 2028 Bitcoin halving occasion
as a key focus.
“This has been a transformational yr for the
Firm, and I’m inspired in regards to the future as we start planning and
implementing methods for the 2028 halving occasion whereas concurrently
evaluating potential HPC/AI alternatives. As I look to the subsequent 4 years and the Firm’s
strategic path, I’m inspired by the great potential forward and am
assured that we now have the fitting workforce in place to execute our aims,” Gagnon mentioned.
Rising Via the Ranks
His profession at Bitfarms started in 2019 as Director of
Enterprise Improvement. He rapidly rose by means of the ranks, taking over roles such
as Director of Mining Operations and Chief Mining Officer. Gagnon’s expertise spans
varied facets of mining technique, operations, and know-how integration.
Previous to Bitfarms, Gagnon based and operated two
Bitcoin mining corporations and held govt roles within the business. He holds an
MSc. in Web Computing from Hong Kong College and a BSc. in Financial
Consulting and Worldwide Enterprise from Indiana College.
Since its launch in 2017, Bitfarms has grown to function 12 Bitcoin knowledge facilities throughout 4 international locations, and two extra are underneath improvement. The corporate is understood for its dedication to sustainability, utilizing
predominantly hydroelectric energy and long-term energy contracts to run its
operations.
This text was written by Jared Kirui at www.financemagnates.com.
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