Bitfarms (BITF) announced that Chief Financial Officer Jeff Lucas will retire effective October 27, 2025, and will be succeeded by Jonathan Mir. Lucas will remain with the company through Q1 2026 as a strategic financial advisor and consultant to ensure a smooth transition.
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Mir brings more than 25 years of capital markets experience in energy infrastructure, having served as Head of North American Power, Energy & Infrastructure at Lazard Inc. and, most recently, as a Managing Director in Bank of America’s Natural Resources and Energy Transition group.
CEO Ben Gagnon commented, “Jeff has played an integral role in our transition from an international Bitcoin miner to a U.S.-focused energy and digital infrastructure company, and we are excited to have Jonathan join us as we execute on our HPC/AI growth strategy in Pennsylvania, Quebec and Central Washington.”
Reflecting on his tenure, Lucas said, “During my four years as CFO, the company expanded operations across four countries, raised and deployed hundreds of millions of dollars, closed multiple acquisitions—including the largest public M&A deal between two public miners—and transitioned from Bitcoin mining to HPC/AI infrastructure … With approximately $330 million in cash and Bitcoin today and up to $250 million of additional financing available on our project facility for our flagship Panther Creek Campus, we believe we have never been better capitalized.”
The news follows BITF’s parabolic rise over the last four months as markets started to reprice its HPC potential.
Read More: Bitfarms soars 13% as it draws additional $50 million from Macquarie debt facility
At time of publication, BITF is up 5.7% during pre-market hours.
