Bitfarms names Rachel Silverstein as U.S. general counsel in Toronto
- Bitfarms Ltd. announced the appointment of Rachel Silverstein as U.S. General Counsel, effective November 1, 2024.
- Rachel Silverstein has over 16 years of experience in law, particularly in Bitcoin mining transactions.
- Her addition to the team is expected to bolster Bitfarms' strategic initiatives and shareholder value.
On October 28, 2024, Bitfarms Ltd., a prominent player in Bitcoin data center operations, made an important announcement regarding its leadership structure. The company appointed Rachel Silverstein to the newly created role of U.S. General Counsel, set to take effect on November 1, 2024. This strategic move aligns with Bitfarms’ efforts to strengthen its legal team in a rapidly evolving industry. Rachel Silverstein comes equipped with extensive legal experience, having practiced for over 16 years, specializing in transactions related to Bitcoin mining. Throughout her career, she has been involved in significant contracts, contributing lead legal counsel on over a gigawatt worth of Bitcoin mining deals across various jurisdictions. Her academic background includes degrees from The George Washington University and the William S. Boyd School of Law at the University of Nevada-Las Vegas. Ben Gagnon, the CEO of Bitfarms, expressed confidence that Silverstein's extensive expertise will be instrumental as the company aims to expand its operations within the United States. The legal landscape surrounding cryptocurrency and mining is complex, making a capable General Counsel crucial for navigating potential challenges and maximizing opportunities in the sector. With 12 operating Bitcoin data centers and an ongoing commitment to environmentally friendly practices, Bitfarms positions itself favorably in the market. The addition of Silverstein signifies a proactive approach to bolster the company’s growth and operational efficiency.