Bitcoin mine Bitfarms appoints new Investor Relations lead

Bitcoin mine Bitfarms appoints new Investor Relations lead

Bitfarms, a Bitcoin mining company, has appointed Tracy Krumme as Senior Vice President, Head of Investor Relations.

The Quebec-based company hopes to leverage Krumme’s experience in investor relations, financial communications, investment banking and equity research, having led operations at several public companies.

Krumme was most recently Global Head of Investor Relations at Galderma SA, where she led the pre-IPO process for the pharmaceutical firm. She has also held positions as an equity Research Analyst at Sandler O’Neill and Partners, and Investment Strategist at Prudential Securities, as well as an Investment Banker at London’s Kidder, Peabody International. 

“I am impressed by the strength of Bitfarms’ international management team and am thrilled to join the Company at this important stage in its development,” Krumme remarked.

“With a robust balance sheet and an ongoing transformative fleet upgrade, the Company is poised to significantly enhance fleet energy efficiency ahead of the next Bitcoin Halving. 

“I look forward to engaging with investors and analysts to foster relationships and effectively communicate Bitfarms’ compelling growth story.”

Krumme’s addition to Bitfarms’ senior leadership comes at a time of heightened interest in cryptocurrency, with global banks and other financial situations, and increasingly governments, taking notice of the digital assets potential.

As it stands, one Bitcoin is currently valued at around £45,000 as of today (8 January 2024), and the coin remains the most widely utilised and valuable cryptocurrency, followed by Ethereum.

“We are excited to have Tracy join our team,” said Bitfarms CEO Geoffrey Morphy. “In addition to her extensive investor relations and capital markets experience, Tracy has an established reputation among the investment community. 

“I am confident that her strategic acumen and proven track record will make her highly effective in this role. We look forward to her contributions as we continue to execute on our strategic initiatives and elevate our profile among the investment community.”