Bitcoin Mining Giant Bitfarms Axes CEO Amidst $27 Million Lawsuit
Bitcoinist.com - 2024-05-14T01:00:26.000Z

Toronto-based Bitcoin mining company Bitfarms has announced the termination of its interim president and chief executive officer (CEO), Geoffrey Morphy after he filed a $27 million lawsuit against the company. According to Bloomberg, the lawsuit alleges breach of contract and “wrongful termination” and seeks compensatory and punitive damages. Bitfarm believes the claims are without merit […]

In related news

Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit – News Bytes Bitcoin News
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27 million in damages for alleged breach of contract and wrongful dismissal. Bitfarms is set to defend against […]
- Related Articles
- In News
- From Bitcoin News
- 2024-05-16T00:25:03.000Z
Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto – News Bytes Bitcoin News
Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March 31. However, Mercado Libre does not own these holdings, as its CIO Richard Cathcart explained, […]
- Related Articles
- In News
- From Bitcoin News
- 2024-05-10T02:28:09.000Z
Why Self-Custody Is Vital for Bitcoin Security- Casa CEO Nick Neuman – Interview Bitcoin News
Casa helps people store bitcoin and other digital assets by empowering them to own, secure, and manage their private keys safely and easily. Founded in 2016, the company helps its members take self-custody of their assets with multi-key vaults for greater protection against single points of failure, such as hacks, theft, and accidents. Nick Neuman […]
- Related Articles
- In News
- From Bitcoin News
- 2024-05-06T17:00:15.000Z

In related news

Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit – News Bytes Bitcoin News

Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto – News Bytes Bitcoin News

Why Self-Custody Is Vital for Bitcoin Security- Casa CEO Nick Neuman – Interview Bitcoin News