Bitfarms founder Nicolas Bonta is stepping down from the company’s board of directors after facing pressure from rival bitcoin miner Riot Platforms, which sought to replace him.

Upon the former board chair’s departure, the company named Brian Howlett as its new chair, Bitfarms said Tuesday.

Additionally, Bitfarms CEO Ben Gagnon — named to that post last month — will join the board.  

“Now is the right time for me to step down and for Ben to join the board,” Bonta said in a statement. “I am equally confident in Brian’s ability to lead the Board as we look ahead to the next phase of Bitfarms’ growth.”

Following the latest board shakeup, four of the board’s five…

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