Summary by Futu AI
On October 29, 2024, Bitfarms Ltd., a global leader in Bitcoin data center operations, announced the nomination of Andrew J. Chang to its Board of Directors. The nomination is part of a Special Meeting of shareholders scheduled for November 20, 2024, where shareholders will vote on expanding the Board from five to six members and ratify the Company's shareholder rights plan adopted on July 24, 2024. The meeting follows a Settlement Agreement with Riot Platforms, Inc. dated September 23, 2024. Andrew J. Chang, a veteran in the technology industry with extensive experience in venture capital, blockchain infrastructure, and digital marketing, is unanimously supported by Bitfarms' Governance and Nominating Committee and the Board. The Special Meeting will be held virtually, with additional information and voting details provided in proxy materials available on SEDAR+ and EDGAR. Bitfarms, founded in 2017, operates 12 Bitcoin data centers across four countries, focusing on sustainable energy use.