Bitcoin miner Riot Platforms has withdrawn its initial offer to acquire its Canadian rival, Bitfarms. However, according to a release published Monday, June 24, Riot is now pushing for a reconstitution of Bitfarms' board. Riot has proposed a Special Meeting to allow Bitfarms shareholders to vote on the removal of ...
Bitcoin mining company Bitfarms has announced its plan to build a 120-megawatt mining infrastructure in the United States. The Bitcoin mining giant shared this development in a press release today, June 13, 2024. According to the release, the site where the infrastructure would be built, Sharon, Pennsylvania, is located in ...
Riot Platforms' $950 million buyout offer for Canadian Bitcoin miner Bitfarms has been met with strong resistance. Bitfarms' stakeholders and special committee deemed the offer undervalued and not in the best interests of shareholders. This has escalated into a battle for ultimate ownership between the two Bitcoin mining companies. Bitfarms ...
