Bitcoin Miner Bitfarms Terminates CEO Early After Lawsuit Filed

Bitfarms Ltd. said it had fired its outgoing interim president and chief executive officer, after the executive filed a lawsuit against the crypto miner claiming $27 million in damages for breach of contract among other issues.

Geoffrey Morphy, who was appointed to both positions in late 2022, was announced on March 25 to be leaving the Toronto-based company, pending a search for his replacement. Morphy has now been terminated effective immediately and no longer serves as a director of the company, Bitfarms said in a statement on Monday.

Morphy filed a claim against Bitfarms in the Superior Court of ...