Bitfarms Ltd. Enhances Shareholder Communication Through Digital Transformation and Virtual Meetings
- Bitfarms Ltd. adopts digital communication for shareholders, enhancing access to meeting materials via websites like SEDAR+.
- The company allows shareholders to request paper copies of materials, promoting inclusivity and accommodating diverse information preferences.
- Bitfarms hosts its Annual General Meeting virtually, encouraging broader participation and reflecting modern trends in remote engagement.
Bitfarms Ltd. Embraces Digital Transformation in Shareholder Communication
Bitfarms Ltd. is at the forefront of a significant shift in shareholder communication by adopting new rules from Canadian securities regulators that facilitate the use of notice-and-access for proxy solicitation. This progressive change marks a departure from traditional physical delivery methods, allowing Bitfarms to post all meeting-related materials—including management information circulars, annual financial statements, and management's discussion and analysis—on designated websites, such as SEDAR+. By leveraging digital platforms, Bitfarms enhances the accessibility of important documents for shareholders, making it easier for them to stay informed and engaged.
The transition to an electronic distribution model not only simplifies the process for shareholders but also aligns with Bitfarms’ commitment to transparency. Stakeholders can access these materials for up to one year following their posting, ensuring that they have ample time to review the information before the Annual General and Special Meeting scheduled for June 30, 2025. By enabling shareholders to request paper copies of the materials, Bitfarms demonstrates its dedication to accommodating diverse preferences for information consumption, thus fostering a more inclusive environment for stakeholder participation.
As shareholders prepare for the upcoming meeting, they are encouraged to review the details outlined in the Information Circular, which includes critical voting matters such as the election of directors, appointment of auditors, and approval of a new long-term equity incentive plan. Bitfarms emphasizes the importance of this digital transition for improving efficiency in communication and engagement with shareholders, as the company navigates the complexities of the evolving cryptocurrency landscape. The strategic move to digitize proxy solicitation not only reduces costs associated with traditional mail but also positions Bitfarms as a leader in adopting innovative practices within the industry.
In addition to the transition to electronic materials, Bitfarms is hosting its Annual General Meeting virtually, allowing shareholders to participate from anywhere. This format reflects the company's understanding of current trends toward remote engagement and accessibility. Shareholders are reminded that the record date for determining eligible participants is May 27, 2025, and that beneficial shareholders must attend as proxyholders to vote.
Bitfarms continues to prioritize shareholder engagement through timely communication and the provision of resources for informed decision-making. For further inquiries or requests for paper copies of meeting materials, shareholders can reach out via the designated contact methods provided by the company. This focused approach underscores Bitfarms' ongoing commitment to fostering a transparent and participatory relationship with its shareholders.