- Riot Platforms said Bitfarms' move to adopt a poison pill to thwart its acquisition by the bitcoin miner was "shareholder unfriendly" and highlighted the lack of solid corporate governance standards.
Under the plan, if an entity takes more than 15% stake in the company after June 20 and up to Sept. 10, Bitfarms will issue fresh shares to other stockholders, diluting the entity's stake.The 15% trigger "is in direct conflict with established legal and governance standards," Riot said on Wednesday. Another Tesla shareholder came out against Elon Musk's multibillion-dollar pay package, saying the billionaire should 'focus on going to Mars'
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