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Bitcoin Mining Firm Bitfarm’s COO Geoffrey Morphy Promoted to CEO

Bitcoin mining firm Bitfarm promoted Geoffrey Morphy to the position of CEO after Emiliano Grodzki resigned from the post.

Morphy, who previously served as chief operating officer, will also remain as president of the firm, the company said in a statement. Grodzki will stay on as a director on the board, and Nicolas Bonta will shift from executive chairman to the role of chairman of the  board.

The firm, which reported increasing mining earlier in the year, in December announced that it was selling off its Canadian de la Pointe location at a profit of $3.6 million.

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