Bitfarms Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Ben Gagnon
Chief executive officer
US$679.4k
Total compensation
| CEO salary percentage | 34.0% |
| CEO tenure | less than a year |
| CEO ownership | n/a |
| Management average tenure | 1.7yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
Bitfarms: Takeover Abated, Still A Work In Progress
Nov 14Bitfarms: Buy The Takeover Truce?
Oct 09Bitfarms: The Would-Be Hunter Became The Hunted, Riot's Offer Was Fair
Sep 18Bitfarms: Blend Of Good And Bad News Makes For A Riveting Hold
Aug 28Bitfarms: Good Q1, But Recent Troubles Create Concerns
Jun 14Bitfarms: A Bidding War Could Be Brewing
Jun 03Bitfarms Q1 2024 Earnings: Is The Worst Over? (Rating Downgrade)
May 16Bitfarms: Efficiency Deserves A Price Premium
Apr 29Not A Buy Until Bitfarms Makes Money
Mar 21Don't Bet The Farm On Bitfarms
Mar 11Bitfarms: The Adverse Ripple Effect Of 'Slow And Steady'
Feb 02Bitfarms: Slow And Steady Lose The Race
Jan 26Bitfarms mines 10% less bitcoins in September, sells 544 BTC
Oct 03Bitfarms tops 4 EH/s hashrate as production kicks off at Rio Cuarto warehouse
Sep 19Revisiting Bitfarms After Its Outstanding Second Quarter
Aug 30Bitcoin falls toward $21K, pulling down Hut 8, Marathon Digital, Riot shares
Aug 19Bitfarms Q2 2022 Earnings Preview
Aug 12Bitfarms records 270% increase in July hashrate and 28% growth in new mined bitcoin
Aug 01Bitfarms In Distress But Still Functional
Jul 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$126m |
| Jun 30 2024 | n/a | n/a | -US$106m |
| Mar 31 2024 | n/a | n/a | -US$106m |
| Dec 31 2023 | US$679k | US$231k | -US$104m |
| 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$16m |
Compensation vs Market: Ben's total compensation ($USD679.41K) is below average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Gagnon
less than a year
Tenure
US$679,412
Compensation
Mr. Benjamin 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 Ltd....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | less than a year | US$679.41k | no data | |
| Chief Financial Officer | 3.4yrs | US$2.61m | 0.018% $ 176.5k | |
| Chief Infrastructure Officer | less than a year | US$827.76k | 0.00050% $ 5.0k | |
| Chief Operating Officer | less than a year | no data | no data | |
| Senior Vice President of Finance & Accounting | 2.5yrs | no data | no data | |
| Senior VP and Head of Investor Relations & Corp. Comms. | less than a year | no data | no data | |
| Executive Vice President of Corporate Development | 2.8yrs | no data | 0.0011% $ 10.6k | |
| Senior Vice President of Human Resources | 2.8yrs | no data | no data | |
| Vice President of Taxation & Sustainability | 2.8yrs | no data | 0.0023% $ 22.9k | |
| Senior Vice President of Global Mining Operations | less than a year | no data | no data | |
| U.S. General Counsel | no data | no data | 0.00029% $ 2.9k | |
| VP & Corporate Secretary | 2.8yrs | no data | no data |
1.7yrs
Average Tenure
56yo
Average Age
Experienced Management: BITF's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | less than a year | US$679.41k | no data | |
| Independent Chairman | 4.6yrs | US$815.47k | 0.0021% $ 21.2k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2yrs | US$401.97k | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | less than a year | no data | no data |
0.3yrs
Average Tenure
Experienced Board: BITF's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.