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Bitfarms, a prominent Bitcoin mining company, has accelerated the termination of its CEO, Geoffrey Morphy, following his initiation of a $27 million lawsuit against the firm. The lawsuit alleges breach of contract and wrongful dismissal. This decision to fire Morphy comes ahead of a planned transition to a new CEO, marking a significant escalation in internal conflicts within the company. The legal dispute and the abrupt termination suggest deep managerial issues and have raised concerns about the company's governance.
NEW: #Bitcoin miner Bitfarms' CEO Geoffrey Morphy fired after filing 💵 $27M lawsuit against the company for wrongful dismissal and breach of contract. The company says it terminated him early, before a planned handover to a new CEO. https://t.co/iQ3njQXKO3
NEW: #Bitcoin mining company, Bitfarms, has ousted CEO Geoffrey Morphy, prompting Morphy to file a $27 million lawsuit against the company for breach of contract and wrongful dismissal. https://t.co/dZ7Q6RVjzE
Bitcoin mining firm Bitfarms fires CEO amid $27 million damages lawsuit https://t.co/zxTu28vxbF
