Bitfarms Appoints Jonathan Mir as CFO, Jeff Lucas to Retire

Bitfarms Ltd., a North American energy and digital infrastructure company, has appointed Jonathan Mir as Chief Financial Officer, effective October 27th, 2025. The current CFO, Jeff Lucas, will retire and remain as a strategic advisor through Q1 2026. Mir brings 25 years of experience in energy infrastructure, previously serving as Head of North American Power, Energy & Infrastructure at Lazard Inc.

Bitfarms Ltd. (Nasdaq/TSX: BITF), a North American energy and digital infrastructure company, has announced the appointment of Jonathan Mir as its new Chief Financial Officer (CFO), effective October 27, 2025. The current CFO, Jeff Lucas, will retire and continue as a strategic financial advisor and consultant through Q1 2026 to ensure a smooth transition.

Jonathan Mir brings over 25 years of experience in capital markets, primarily in energy infrastructure. He served as Head of North American Power, Energy & Infrastructure at Lazard Inc. before joining Bank of America as a Managing Director in the Natural Resources and Energy Transition group. His extensive background in public and private equity and debt financings for major infrastructure companies and projects will be invaluable to Bitfarms as it transitions to a North American HPC/AI infrastructure company.

The appointment of Mir comes as Bitfarms aims to execute its HPC/AI growth strategy in Pennsylvania, Quebec, and Central Washington. CEO Ben Gagnon expressed gratitude to Jeff Lucas for his contributions and praised Jonathan Mir's sectoral knowledge. Jeff Lucas, in his farewell statement, highlighted the company's achievements under his leadership, including expanding operations across four countries, raising and deploying hundreds of millions of dollars, and transitioning from a Bitcoin miner to an HPC/AI infrastructure pioneer.

Bitfarms currently has approximately US $330M in cash and Bitcoin, with up to $250M of additional financing available on its project facility for the Panther Creek Campus. The company's 1.3 GW energy pipeline is more than 80% U.S.-based, clustered in data center hotspots with robust access to power and fiber infrastructure.