Bitfarms Adopts ‘Poison Pill’ After Riot Takeover Offer Turns Hostile

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Bitcoin mining company Bitfarms Ltd. is adopting a “poison pill” shareholder rights plan as a defense after an unsolicited takeover offer by larger rival Riot Platforms Inc.

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Riot Platforms Pursues Takeover of Rival Bitcoin Miner BitfarmsRiot Platforms Inc. has taken a 9.25% stake in Bitfarms Ltd. and plans to go public with a takeover offer for the smaller Bitcoin miner, which rebuffed its approach last month, according to people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Riot proposes hostile takeover of Toronto-based Bitfarms to create world’s largest publicly listed Bitcoin minerRiot had private offer to buy Bitfarms rejected, and in a second letter Riot revealed it owned 9.25 per cent of the company’s shares, making it the largest shareholder
Source: globeandmail - 🏆 5. / 92 Read more »

Bitcoin Miner Bitfarms Fires Interim CEO Early After Exec Files $27 Million LawsuitBitfarms Ltd. said it had fired its outgoing interim president and chief executive officer, after the executive filed a lawsuit against the crypto miner claiming $27 million in damages for breach of contract among other issues.
Source: BNNBloomberg - 🏆 83. / 50 Read more »