Bitfarms Management
Management criteria checks 1/4
Bitfarms' CEO is Ben Gagnon, appointed in Jul 2024, has a tenure of 1.33 years. total yearly compensation is $2.10M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth $3.73M. The average tenure of the management team and the board of directors is 1.1 years and 1.3 years respectively.
Key information
Ben Gagnon
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 15.88% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.1yrs |
| Board average tenure | 1.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | -US$86m |
| Mar 31 2025 | n/a | n/a | -US$84m |
| Dec 31 2024 | US$2m | US$333k | -US$54m |
| Sep 30 2024 | n/a | n/a | -US$131m |
| Jun 30 2024 | n/a | n/a | -US$111m |
| Mar 31 2024 | n/a | n/a | -US$111m |
| Dec 31 2023 | US$679k | US$231k | -US$109m |
| Sep 30 2023 | n/a | n/a | -US$314k |
| Jun 30 2023 | n/a | n/a | -US$69m |
| Mar 31 2023 | n/a | n/a | -US$184m |
| Dec 31 2022 | US$987k | US$188k | -US$176m |
| Sep 30 2022 | n/a | n/a | -US$213m |
| Jun 30 2022 | n/a | n/a | -US$104m |
| Mar 31 2022 | n/a | n/a | US$34m |
| Dec 31 2021 | US$2m | US$158k | US$22m |
| Sep 30 2021 | n/a | n/a | US$7m |
| Jun 30 2021 | n/a | n/a | -US$21m |
| Mar 31 2021 | n/a | n/a | -US$21m |
| Dec 31 2020 | US$247k | US$129k | -US$16m |
Compensation vs Market: Ben's total compensation ($USD2.10M) is below average for companies of similar size in the US market ($USD5.45M).
Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.
CEO
Ben Gagnon
Mr. Benjamin J. Gagnon, also known as Ben, is Chief Executive Officer of Bitfarms Ltd. from July 8, 2024 and serves as its Director since August 12, 2024. Mr. Gagnon was Chief Mining Officer of Bitfarms Lt...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.3yrs | US$2.10m | 0.16% $ 3.7m | |
| Executive Vice President of Corporate Development | 3.8yrs | US$808.36k | 0.0072% $ 164.3k | |
| Strategic Financial Advisor & Consultant | less than a year | US$1.51m | 0.053% $ 1.2m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Operating Officer | 1.3yrs | no data | no data | |
| Senior Vice President of Finance & Accounting | 3.5yrs | no data | no data | |
| Senior Vice President of Human Resources | 3.8yrs | no data | no data | |
| Senior Vice President of Global Mining Operations | 1.2yrs | no data | no data | |
| General Counsel of Global | 1yr | no data | 0.00025% $ 5.7k | |
| Senior Vice President of Infrastructure | less than a year | no data | no data | |
| Senior VP of High-Performance Computing | less than a year | no data | no data | |
| Corporate Secretary | less than a year | no data | no data |
Experienced Management: BITF's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.3yrs | US$2.10m | 0.16% $ 3.7m | |
| Independent Chairman | 5.6yrs | US$371.49k | 0.011% $ 244.5k | |
| Independent Director | 1.2yrs | US$194.41k | no data | |
| Independent Director | 3yrs | US$368.51k | 0.011% $ 252.0k | |
| Independent Director | 1yr | US$192.63k | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | 1.4yrs | US$251.69k | 0.00036% $ 8.2k | |
| Independent Director | less than a year | no data | no data |
Experienced Board: BITF's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/04 06:26 |
| End of Day Share Price | 2025/11/04 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bitfarms Ltd. is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Kinstlinger | Alliance Global Partners |
| Martin Toner | ATB Capital Markets |
| Lucas Pipes | B. Riley Securities, Inc. |