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 these claims vigorously. Meanwhile, Nicolas Bonta, chairman and co-founder of the company, will serve as the interim president and CEO of the company until the executive search is completed and his successor is appointed.
Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit
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