EX-99.1 2 ea020723201ex99-1_bitfarms.htm REPORT ON VOTING RESULTS DATED MAY 31, 2024

Exhibit 99.1

 

Annual Meeting of Shareholders May 31, 2024

Report on Voting Results

Pursuant to Section 11.3 of

National Instrument 51-102 – Continuous Disclosure Obligations

 

 

  

The annual meeting (the “Meeting”) of shareholders of Bitfarms Ltd. (the “Company”) was held on May 31, 2024. Shareholders holding an aggregate of 149,457,098 common shares of the Company (“Common Shares”), being 39.8% of the issued and outstanding Common Shares as of the record date of April 16, 2024, were present or represented by proxy at the Meeting.

 

1.Election of Directors

 

Based on the proxies received and the votes at the Meeting, four of five nominees set forth in the Company’s management information circular dated April 16, 2024 were elected as directors of the Company at the Meeting. Detailed results of the votes are set out below:

 

Nominee  Votes For  Votes Against
Nicolas Bonta  82,364,315  7,117,680
Andres Finkielsztain  81,170,259  8,311,737
Emiliano Joel Grodzki  33,957,229  55,524,769
Edith M. Hofmeister  63,902,867  25,579,129
Brian Howlett  81,169,394  8,312,604

 

*Proxies representing a total of 60,014,630 shares were not voted in respect of the election of directors.

 

2.Appointment of Auditors

 

Based on the proxies received and the votes at the Meeting, the shareholders of the Company (i) re-appointed PricewaterhouseCoopers LLP (“PWC”) as auditors of the Company, and (iii) authorized the directors of the Company to fix the remuneration of PWC. The outcome of the vote was as follows:

 

Votes For  Votes Withheld
145,721,819  3,774,608

 

3.Approval of the Long-Term Equity Incentive Plan

 

Based on the proxies received and the votes by ballot at the Meeting, the shareholders of the Company approved the ordinary resolution to renew the Company’s long term equity incentive plan and the unallocated entitlements thereunder. The outcome of the vote was as follows:

 

Votes For  Votes Against
53,277,873  36,204,123