Bitfarms Ltd.

TSX:BITF Stock Report

Market Cap: CA$928.0m

Bitfarms Management

Management criteria checks 3/4

Bitfarms' CEO is Geoff Morphy, appointed in Dec 2020, has a tenure of 3.42 years. total yearly compensation is $2.65M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 0.072% of the company’s shares, worth CA$663.49K. The average tenure of the management team and the board of directors is 2.3 years and 3.9 years respectively.

Key information

Geoff Morphy

Chief executive officer

US$2.6m

Total compensation

CEO salary percentage15.9%
CEO tenure3.4yrs
CEO ownership0.07%
Management average tenure2.3yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors

Mar 01
Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors

Is Bitfarms (TSE:BITF) Using Too Much Debt?

Sep 05
Is Bitfarms (TSE:BITF) Using Too Much Debt?

Is Bitfarms (TSE:BITF) A Risky Investment?

Jun 02
Is Bitfarms (TSE:BITF) A Risky Investment?

Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%

Apr 17
Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%

Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)

Jan 10
Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)

Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?

Apr 25
Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?

Bitfarms (CVE:BITF) Has A Pretty Healthy Balance Sheet

Mar 29
Bitfarms (CVE:BITF) Has A Pretty Healthy Balance Sheet

Returns On Capital At Bitfarms (CVE:BITF) Paint A Concerning Picture

Jan 09
Returns On Capital At Bitfarms (CVE:BITF) Paint A Concerning Picture

Here's Why Bitfarms (CVE:BITF) Can Manage Its Debt Responsibly

Dec 14
Here's Why Bitfarms (CVE:BITF) Can Manage Its Debt Responsibly

CEO Compensation Analysis

How has Geoff Morphy's remuneration changed compared to Bitfarms's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-US$104m

Sep 30 2023n/an/a

-US$64m

Jun 30 2023n/an/a

-US$130m

Mar 31 2023n/an/a

-US$246m

Dec 31 2022US$3mUS$421k

-US$176m

Sep 30 2022n/an/a

-US$213m

Jun 30 2022n/an/a

-US$104m

Mar 31 2022n/an/a

US$34m

Dec 31 2021US$7mUS$381k

US$22m

Sep 30 2021n/an/a

US$7m

Jun 30 2021n/an/a

-US$21m

Mar 31 2021n/an/a

-US$21m

Dec 31 2020US$375kUS$62k

-US$16m

Compensation vs Market: Geoff's total compensation ($USD2.65M) is above average for companies of similar size in the Canadian market ($USD1.75M).

Compensation vs Earnings: Geoff's compensation has been consistent with company performance over the past year.

CEO

Geoff Morphy

3.4yrs

Tenure

US$2,646,723

Compensation

Mr. L. Geoffrey Morphy, also known as Geoff, ICD D, serves as President of Bitfarms Ltd. since December 29, 2020 and served as its Chief Operating Officer since December 2021 until December 29, 2022.He se...

Leadership Team

NamePositionTenureCompensationOwnership
L. Morphy
President3.4yrsUS$2.65m0.071%
$ 663.5k
Jeffrey Lucas
Chief Financial Officer2.9yrsUS$2.32m0.023%
$ 217.1k
Benjamin Gagnon
Chief Mining Officer2.9yrsUS$986.60kno data
Benoit Gobeil
Executive Vice President - Infrastructure and Operationsno datano data0.00067%
$ 6.2k
Marc-Andre Ammann
Vice President Finance & Accounting2yrsno datano data
Tracy Krumme
Senior VP & Head of Investor Relationsless than a yearno datano data
Stephanie Wargo
Vice President of Marketing & Communications2.3yrsno datano data
Philippe Fortier
Senior Vice President of Corporate Development2.3yrsno data0.0014%
$ 13.0k
Andrea Souza
Vice-President of Human Resources2.3yrsno datano data
Paul Magrath
Vice President of Taxation & Sustainability2.3yrsno data0.0030%
$ 28.2k
Patricia Osorio
VP & Corporate Secretary2.3yrsno datano data
Guillaume Reeves
Vice President of Information Technologyless than a yearno datano data

2.3yrs

Average Tenure

Experienced Management: BITF's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
L. Morphy
Presidentless than a yearUS$2.65m0.071%
$ 663.5k
Brian Howlett
Lead Independent Director4.1yrsUS$490.23k0.0015%
$ 14.3k
Edith Hofmeister
Independent Director1.5yrsUS$184.70kno data
Nicolas Bonta
Founder & Non-Executive Chairman5.6yrsUS$3.28m2.42%
$ 22.5m
Emiliano Grodzki
Founder & Non Executive Director5.6yrsUS$3.28m1.88%
$ 17.4m
Andres Finkielsztain
Independent Director3.8yrsUS$485.81k0.014%
$ 130.2k

3.9yrs

Average Tenure

48yo

Average Age

Experienced Board: BITF's board of directors are considered experienced (3.9 years average tenure).

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