Bitfarms (BITF) EGM 2024 summary

Opening remarks and agenda

• Meeting called to order with welcome from the chair and confirmation of recording and participation procedures.

• Four items of business outlined: increase board size, elect a new director, ratify shareholder rights plan, and address other business.

• Confirmation of quorum with 231 shareholders represented by proxy, holding 50.83% of shares.

Specific resolutions to be voted on

• Special resolution to increase the number of directors from five to six, requiring two-thirds approval.

• Ordinary resolution to elect Andrew J. Chang to the board, subject to the board size increase.

• Resolution to ratify and approve the Shareholder Rights Plan adopted on July 24th, 2024.

Overview of voting outcomes

• Resolution to increase board size to six carried by at least two-thirds of votes cast.

• Election of Andrew J. Chang as director approved by a majority of votes cast.

• Ratification of the Shareholder Rights Plan carried by a majority of votes cast.