Riot Platforms Drops Bitfarms Takeover Bid, Seeks Board Overhaul
Bitcoin miner Riot Platforms has withdrawn its proposal to acquire Bitfarms and is now seeking to overhaul the board before making any further takeover attempts. Riot, which owns 14.9% of Bitfarms, is nominating three new board members to replace the current ones. The hostile takeover bid was made public last month when Riot offered to buy Bitfarms for $2.30 per share, which was quickly rejected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DAC Platform and Fomoin Partner to Gamify Web3 Engagement and Rewards
Andreessen Horowitz’s Crypto Unit (a16z) Purchases $55M in ZRO Tokens
Bitcoin ETF has a net inflow of 1,147 BTC today, while Ethereum ETF has a net outflow of 3,775 ETH
Trending news
MoreCrypto prices
More








