Mr. Ben Gagnon reports

BITFARMS EXPANDS LEADERSHIP TEAM WITH SEASONED U.S. INDUSTRY EXPERTS TO SUPPORT HPC/AI INFRASTRUCTURE DEVELOPMENT

Bitfarms Ltd. has made a series of strategic hires across its infrastructure and corporate teams. These additions bring deep expertise in power development, large-scale construction, permitting and corporate scaling as Bitfarms accelerates buildouts across its portfolio.

"We are excited to welcome Tara, Michael, Christopher, Paul, Kevin and Tom to our leadership team," said chief executive officer Ben Gagnon. "As we continue toward U.S. domiciliation and advance our sites, building a seasoned domestic leadership bench is essential. Our recent hires bring substantial industry experience, with an average of more than 20 years in digital and power infrastructure and extensive backgrounds in complex construction and specialized HPC [high-performance computing] data centre development. Our new leaders will be based out of our New York office, positioning us to operate with greater co-ordination and focus as we enter the next phase of our growth."

Infrastructure leadership strengthened to advance HPC/AI (artificial intelligence) development

Michael Byrne joins as senior vice-president of construction. Mr. Byrne brings a decade of hyperscale data centre project delivery experience across North America, South America and Europe. Mr. Byrne's career includes leadership roles at Linesight and Aurecon, where he oversaw significant hyperscale development programs, leading program management, multiregion execution, commercial governance, contractor oversight and life-cycle delivery from concept through commissioning. At Bitfarms, he will lead end-to-end construction execution for the company's HPC/AI data centre development portfolio, applying his proven ability to manage megaproject portfolios.

Christopher Ruppel joins as senior vice-president of power. Mr. Ruppel brings more than two decades of experience bridging advanced compute infrastructure with energy systems optimization. Mr. Ruppel has led development strategies spanning on-site power, grid-connected assets and gas-to-power solutions for high-density AI and edge-compute environments. His record includes originating and developing four gigawatts of energy projects globally, structuring billions of dollars in project financings, and advising data centre operators on resilient, commercially optimized energy strategies. Mr. Ruppel joins Bitfarms from Mara Holdings, where he served as head of energy development. At Mara, he led the strategy for the digital energy division, focusing on behind-the-meter power, thermal strategies and demand-response initiatives.

Paul Peterson joins Bitfarms as vice-president of HPC operations. Mr. Peterson brings nearly two decades of deep expertise in data centres, critical environments, and engineering services and operations. His career includes senior leadership roles at JLL Global and CBRE, where he oversaw large-scale engineering projects, guided complex infrastructure strategies, advanced global assessment and compliance programs, and drove operational excellence for enterprise, co-location and hyperscale clients. With a foundation that spans hands-on engineering, facility management, auditing and strategic technical leadership, Mr. Peterson has repeatedly served as a trusted adviser to stakeholders -- translating technical risk into business impact, strengthening reliability programs and shaping industry-leading standards.

Kevin Roberts joins Bitfarms as director of permitting. Mr. Roberts has over two decades of experience as a senior project development, environmental and regulatory leader across energy infrastructure, utilities and hyperscale data centres. He has directed multimillion development portfolios and led permitting and compliance for over 50 natural gas facilities, more than 1,000 miles of pipeline and multiple utility-scale data centre developments across the United States. In his role at Bitfarms, he will utilize his expertise in environmental compliance, site selection, utilities co-ordination and multidisciplinary project management to ensure Bitfarms' HPC/AI campuses progress efficiently through federal, state and local approval processes.

Key additions to corporate leadership

Tara Goldstein has been appointed senior vice-president of marketing. Ms. Goldstein is responsible for building and leading Bitfarms' global marketing and communications function, overseeing brand strategy, corporate narrative, digital presence and enterprise-wide positioning. Ms. Goldstein has over two decades of experience leading strategy, storytelling and place making for high-profile real estate and technology-driven companies. Before leading a full-service creative agency, she served as senior vice-president of marketing at Brookfield Properties, overseeing marketing for its 98-million-square-foot global office, retail and residential portfolio. During her tenure, she led the rebrand and repositioning of Brookfield Place New York, the multiphased Manhattan West development, and numerous other award-winning initiatives.

Thomas Tyree has been appointed senior vice-president, finance and strategy at Bitfarms. Mr. Tyree leads financial and strategic initiatives supporting Bitfarms' HPC/AI transition, including capital markets activities, capital allocation and strategic partnerships. He brings extensive experience in corporate finance, financial analysis, and execution of complex transactions across energy, power and infrastructure. Prior to Bitfarms, Mr. Tyree was a member of the executive leadership team at Stronghold Digital Mining, where he led the company's initial public offering, several structured financings and the strategic review process that led to Stronghold's sale to Bitfarms. Before Stronghold, Mr. Tyree worked at Riverstone Holdings, a $40-billion asset management firm focused on energy, power and infrastructure investments.

About Bitfarms Ltd.

Bitfarms is a North American digital infrastructure and energy company that develops, owns and operates data centres and energy infrastructure for high-performance computing and next-generation technology applications, including artificial intelligence.

Bitfarms' 2.1-gigawatt North American energy portfolio comprises energized, under-development and pipeline megawatts, located in established data centre clusters, with robust access to power and fibre infrastructure.

Bitfarms is headquartered in New York, N.Y., and Toronto, Ont., and traded on the Nasdaq Stock Market and the Toronto Stock Exchange.

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