Bitfarms names new CEO to guide it through strategic review


FILE PHOTO: A wall of miners, seen at the cryptocurrency farming operation, Bitfarms, in Farnham, Quebec, Canada, February 2, 2018. REUTERS/Christinne Muschi/File Photo

(Reuters) - Bitcoin miner Bitfarms has appointed insider Ben Gagnon as its new chief executive officer to oversee a strategic review and navigate a dispute with its biggest shareholder, Riot Platforms.

Gagnon's promotion comes months after Bitfarms' plans for a smooth leadership transition ran into difficulties. Former CEO Geoff Morphy, whose departure was announced in March, was to remain in his role while a search for a replacement was conducted.

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