Bitfarms Promotes Ben Gagnon as Chief Executive Officer

Crypto mining company Bitfarms has appointed Ben Gagnon as its CEO, signaling the company’s intention to expand its business beyond Bitcoin mining and achieve business diversification.
According to reports, former Chief Mining Officer Gagnon was a key figure in the rise of Bitfarms in the Bitcoin mining industry. With his extensive experience, he is expected to lead the company towards new growth opportunities.
Bitfarms Targets New Opportunities
Under Gagnon’s leadership, Bitfarms plans to explore new areas such as energy production, heat recovery, energy trading, and high-performance computing for artificial intelligence. It is reported that Gagnon played an important role in the development of Bitfarms’ growth plans during his tenure as Chief Mining Officer.
Gagnon expressed his enthusiasm for the new role, emphasizing the transformative nature of Bitfarms in the past year and highlighting the upcoming strategic planning for Bitcoin in 2028. While some may still wonder what Bitcoin is, who created it, or how it works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary, decentralized digital asset and its blockchain technology. In fact, we have come a long way since Florida resident Laszlo Hanyecz exchanged 10,000 Bitcoins for two pizzas at a local Papa John’s, marking the first official commercial transaction between BTC and a real company. Now, some may argue that while some may still wonder what Bitcoin is, who created it, or how it works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary, decentralized digital asset and its blockchain technology. In fact, we have come a long way since Florida resident Laszlo Hanyecz exchanged 10,000 Bitcoins for two pizzas at a local Papa John’s, marking the first official commercial transaction between BTC and a real company. Now, some may argue that reducing reading activities by half this semester is a key focus.
Gagnon said, “This year is a year of transformation for the company, and I am encouraged about the future as we start planning and implementing our strategic initiatives for the 2028 halving event, while evaluating potential HPC/AI opportunities. Looking ahead to the next four years and the strategic path of the company, I am excited about the tremendous potential ahead and believe we have the right team to execute our goals.”
Rising in Rank
His career at Bitfarms began in 2019, serving as Director of Business Development. He quickly rose through the ranks, holding positions such as Director of Mining Operations and Chief Mining Officer. Gagnon’s experience covers various aspects of mining strategy, operations, and technology integration.
Prior to joining Bitfarms, Gagnon founded and operated two Bitcoin mining companies and held executive positions in the industry. He holds a Master of Science degree in Internet Computing from the University of Hong Kong and a Bachelor of Science in Economics Consulting and International Business from Indiana University.
Since its launch in 2017, Bitfarms has grown to operate 12 Bitcoin data centers in four countries, with two more under development. The company is known for its commitment to sustainable development and primarily operates using hydroelectric power and long-term power contracts.