The post Bitfarms Appoints Jonathan Mir as CFO Amid Strategic Shift appeared on BitcoinEthereumNews.com. Darius Baruo Oct 14, 2025 07:16 Bitfarms Ltd. announces the retirement of CFO Jeff Lucas and the appointment of Jonathan Mir, as the company pivots towards HPC/AI infrastructure in North America. Bitfarms Ltd. (Nasdaq/TSX: BITF), a leading North American energy and digital infrastructure company, has announced a significant leadership change as part of its strategic pivot towards high-performance computing (HPC) and artificial intelligence (AI) infrastructure. According to GlobeNewswire, Jeff Lucas, the current Chief Financial Officer (CFO), will retire, and Jonathan Mir will succeed him, effective October 27, 2025. Leadership Transition Jeff Lucas, who has been instrumental in Bitfarms’ transformation from an international Bitcoin miner to a U.S.-focused energy and digital infrastructure company, will remain involved as a strategic financial advisor through the first quarter of 2026 to ensure a seamless transition. Lucas expressed confidence in the future growth of Bitfarms, highlighting the company’s solid financial footing with approximately $330 million in cash and Bitcoin, as well as access to $250 million in additional financing. Jonathan Mir’s Expertise Jonathan Mir brings over 25 years of capital markets experience, particularly in energy infrastructure. His previous roles include Head of North American Power, Energy & Infrastructure at Lazard Inc., and Managing Director in Bank of America’s Natural Resources and Energy Transition group. Mir’s extensive experience in public and private equity and debt financings is expected to be pivotal as Bitfarms executes its transition to a North American HPC/AI infrastructure company. Strategic Focus on HPC/AI Under the leadership of CEO Ben Gagnon, Bitfarms is focusing on expanding its HPC/AI infrastructure projects across key locations in Pennsylvania, Quebec, and Central Washington. The company’s 1.3 GW energy pipeline is predominantly U.S.-based, aligning with its strategy to leverage robust power and fiber infrastructure in data center hotspots. Gagnon expressed… The post Bitfarms Appoints Jonathan Mir as CFO Amid Strategic Shift appeared on BitcoinEthereumNews.com. Darius Baruo Oct 14, 2025 07:16 Bitfarms Ltd. announces the retirement of CFO Jeff Lucas and the appointment of Jonathan Mir, as the company pivots towards HPC/AI infrastructure in North America. Bitfarms Ltd. (Nasdaq/TSX: BITF), a leading North American energy and digital infrastructure company, has announced a significant leadership change as part of its strategic pivot towards high-performance computing (HPC) and artificial intelligence (AI) infrastructure. According to GlobeNewswire, Jeff Lucas, the current Chief Financial Officer (CFO), will retire, and Jonathan Mir will succeed him, effective October 27, 2025. Leadership Transition Jeff Lucas, who has been instrumental in Bitfarms’ transformation from an international Bitcoin miner to a U.S.-focused energy and digital infrastructure company, will remain involved as a strategic financial advisor through the first quarter of 2026 to ensure a seamless transition. Lucas expressed confidence in the future growth of Bitfarms, highlighting the company’s solid financial footing with approximately $330 million in cash and Bitcoin, as well as access to $250 million in additional financing. Jonathan Mir’s Expertise Jonathan Mir brings over 25 years of capital markets experience, particularly in energy infrastructure. His previous roles include Head of North American Power, Energy & Infrastructure at Lazard Inc., and Managing Director in Bank of America’s Natural Resources and Energy Transition group. Mir’s extensive experience in public and private equity and debt financings is expected to be pivotal as Bitfarms executes its transition to a North American HPC/AI infrastructure company. Strategic Focus on HPC/AI Under the leadership of CEO Ben Gagnon, Bitfarms is focusing on expanding its HPC/AI infrastructure projects across key locations in Pennsylvania, Quebec, and Central Washington. The company’s 1.3 GW energy pipeline is predominantly U.S.-based, aligning with its strategy to leverage robust power and fiber infrastructure in data center hotspots. Gagnon expressed…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.