Bitfarms Parts Ways with CEO Geoffrey Morphy and Faces $27 Million Legal Battle

Bitfarms Ltd., a global bitcoin mining company, has made the decision to immediately remove Geoffrey Morphy from his position as president and CEO, as well as from his role as a director. Following this action, Morphy has initiated legal proceedings against the company, claiming $27 million in damages for breach of contract and unfair dismissal. Bitfarms is preparing to defend itself against these allegations.

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