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Bitfarms Adds Board Member To Deter Riot Platforms Takeover

Bitfarms Adds Board Member To Deter Riot Platforms Takeover


Bitcoin World
2024-06-28 23:52:19

Amid the ongoing cold war between two major Bitcoin mining firms, Riot Platforms and Bitfarms, the latter has appointed a new board member to thwart attempts at a “hostile takeover.” Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult.


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