Bitcoin Well Announces Appointment of Chief Financial Officer

EDMONTON, Alberta , Dec. 20, 2021 (GLOBE NEWSWIRE) – Bitcoin Well Inc. (TSXV: BTCW) (“Bitcoin Well” or “Company”), a technology company building and utilizing products that offer safe and easy ways to buy, sell and use bitcoin, today announces the appointment of Mr. Allen D. Stephen, CPA, CA, MBA who joins Bitcoin Well as our Chief Financial Officer.

Mr. Stephen is a seasoned finance executive with extensive experience in banking and fintech. For the past two years, Mr. Stephen was the Head of Finance at Neo Financial Technologies Inc., (“Neo”) a high-growth, fintech start-up based in Calgary, Alberta. He led debt financing and venture capital fundraising and was responsible for building the finance, credit risk, compliance and legal teams. Prior to his role at Neo, Mr. Stephen was a senior leader at Canadian Western Bank, a publicly traded company headquartered in Edmonton, Alberta. As the Vice President of Finance and Chief Accountant, his 12-year tenure at Canadian Western Bank included oversight of internal and external financial reporting, taxation, forecasting, regulatory compliance, acquisitions & divestitures, capital issuances, and investor relations. In addition to his extensive banking and public company experience, Mr. Stephen has led finance teams in the utilities industry. Mr. Stephen holds a Bachelor of Commerce degree from the University of Saskatchewan, a Masters of Business Administration degree from the University of Regina, and is a member in good standing with the Chartered Professional Accountants of Alberta.

“We are incredibly excited to welcome Mr. Stephen as our CFO, starting with the Company on January 4, 2022.” said Adam O’Brien, CEO of Bitcoin Well. “His wealth of experience in both banking and financial technology will be a tremendous asset as we continue our mission to give society the fastest and safest way to buy, sell and use bitcoin.”

Mr. Stephen assumes the CFO position from Mr. Luke Thibodeau who was Controller and had been serving as the Interim Chief Financial Officer of Bitcoin Well. We thank Mr. Thibodeau for his support during this CFO transition. He will remain with Bitcoin Well in the role of Director of Finance.

About Bitcoin Well

Bitcoin Well (TSXV: BTCW) offers convenient, secure and reliable ways to buy and sell bitcoin through a trusted Bitcoin ATM network, white glove in-person service and a suite of web-based transaction services. Based on management’s assessment of publicly-available data, Bitcoin Well is the first publicly traded Bitcoin ATM company in the world, with an enterprising consolidation strategy to deliver accretive and cost-effective expansion in North America and globally. As leaders of the longest-running, founder-led Bitcoin ATM company in Canada, management of Bitcoin Well brings deep operational capabilities that span the entire value chain along with access to proprietary, cutting-edge software development that supports further expansion. Bitcoin Well is on a mission to shift the relationship that society has with money by offering an ecosystem of products and services that make Bitcoin accessible and understood. This ecosystem includes non-custodial financial offerings (both in-person and online); technology development, including SaaS and internal technology developments through Ghostlab, the technology arm of the business; and educational resources designed with the needs of both the customers, and the industry, in mind.

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Contact Information
For investor information, please contact:

Bitcoin Well

10142 82 Avenue NW
Edmonton, AB T6E 1Z4

Adam O’Brien, President & CEO or
Dave Bradley, Chief Revenue Officer
Tel: 1 888 711 3866
ir@bitcoinwell.com

Myles Dougan, Director of Investor Relations
Tel: 587 982 2769
m.dougan@bitcoinwell.com

For media queries and further information, please contact:

Karen Smola, Director of Marketing
Tel: 587 735 1570
k.smola@bitcoinwell.com

https://www.globenewswire.com/news-release/2021/12/20/2355114/0/en/Bitcoin-Well-Announces-Appointment-of-Chief-Financial-Officer.html