Summary by Futu AI
On May 31, 2024, Bitfarms Ltd., a global Bitcoin mining company, announced the results of its annual general and special meeting of shareholders. The meeting, which was held virtually, saw 39.8% of the company's issued and outstanding common shares represented. Four directors were elected for the upcoming year, with Emiliano Grodzki, a co-founder of Bitfarms, not being re-elected to the board. The company acknowledged Grodzki's contributions and stated that the search for a new board member to address independence concerns raised by proxy advisory firms is underway. Additionally, shareholders approved the reappointment of PricewaterhouseCoopers LLP as auditors and authorized the directors to fix their remuneration. A resolution to renew the company's long-term equity incentive plan was also passed. Bitfarms, which operates 12 Bitcoin mining facilities across four countries, emphasizes its commitment to using sustainable energy sources for its operations.