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BRIEF-Bitfarms Says Took Temporary Steps To Reduce Staffing To Combat Spread Of COVID-19

Published 2020-04-06, 09:40 p/m
BITF
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April 6 (Reuters) - Bitfarms Ltd BITF.V :

* BITFARMS - TEMPORARY STEPS TO REDUCE STAFFING IN LINE WITH GOVERNMENT GUIDANCE TO HELP COMBAT SPREAD OF COVID-19

* CO HAS ALSO IMPLEMENTED PERMANENT MEASURES TO REDUCE OVERHEAD COSTS

* EXPECT COST SAVING MEASURES TO REDUCE CO'S MONTHLY GENERAL AND ADMINISTRATIVE EXPENSES BY APPROX 20% TO 25%

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