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Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit
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Bitfarms ousted its CEO Geoffrey Morphy on May 13 after he filed a $27 million lawsuit against the company.
According to a press release from the Bitcoin miner, Morphy filed a multi-million dollar claim in the Superior Court of Ontario on Friday alleging damages caused by Bitfarms related to breach of contract, wrongful dismissal, and aggravated and punitive damages worth $27 million.
Bitfarms Chairman and co-founder Nicolas Bonta has been appointed interim President and CEO of Bitfarms.
The bitcoin mining company’s shares were trading 5.9% lower as of early Monday afternoon.
Latest update on Bitfarms $BITF CEO news for anyone holding
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