Riot Platforms, a major crypto mining company, sought to acquire BitFarms, another leading mining company, proposing a $2.30 per share offer. BitFarms rejected Riot's $950 million acquisition bid, citing undervaluation. Despite rejection, Riot acquired a 9.25% stake in BitFarms.
Riot wants to buy Bitfarms. Bitfarms isn’t having it. So what happens now? https://t.co/xVQuX3J7AN
Bitfarms says Riot Platforms buyout offer is too low as it weighs potential sale https://t.co/o6nL3QjBll
BITFARMS REJECTS RIOT PLATFORMS' $950M ACQUISITION PROPOSAL Bitcoin mining firm Bitfarms rejected a nearly $1B acquisition proposal from Riot Platforms, which offered $2.30 per share, a 24% premium. Despite the rejection, Riot acquired a 9.25% stake in Bitfarms, becoming its… https://t.co/MRpTa5ai2b
ICYMI: Bitfarms rejects Riot’s unsolicited acquisition offer Read the full article 👇 https://t.co/XAZ1blZETC https://t.co/Q1zuz2GXSS
Bitfarms rejects Riot’s unsolicited acquisition offer https://t.co/4CmFvuuy8p
Crypto miner @Bitfarms_io said rival @RiotPlatforms' takeover bid "significantly undervalues" the Canadian company. By @JamieCrawleyCD https://t.co/d6NiF5jjvZ
Bitfarm rejects Riot’s acquisition bid, says it undervalues the company https://t.co/baZqFY752Y https://t.co/pvEz9haB33
Riot Platforms $RIOT has launched a hostile bid for Bitfarms $BITF. A successful combination of the two companies would create the largest Bitcoin mining entity globally. #Bitcoin #StockMarket https://t.co/9nFfwncL4b
Analysts: Riot’s acquisition of Bitfarms will face rejection due to Bitfarm's. https://t.co/SXPvaQWQ6o
Mining company @RiotPlatforms has made an offer to the board of directors of competing company @Bitfarms_io to purchase all publicly traded shares at a price of $2.3. The stated price represents a 24% premium over the closing value on April 19 - the last trading day before Riot… https://t.co/2Nw1wgta0r
[THE BLOCK] Bitfarms rejected Riot's acquisition proposal because it 'significantly undervalues' the firm $BITF $RIOT
🚨JUST IN: #BITCOIN MINER BITFARMS REJECTED ACQUISITION PROPOSAL FROM RIVAL RIOT PLATFORMS DUE TO LOW BALL OFFER
Bitfarms rejected Riot's acquisition proposal because it 'significantly undervalues' the firm https://t.co/PrN88yDTym
As mentioned in Spaces last night, Bitfarms’ next step is an official rejection of the Riot offer. In addition, the company has disclosed additional indications of interest and the hiring of Moelis as financial advisor. Process underway. We are moving now. https://t.co/zaUO10FjFG
$BITF (+1.8% pre) Bitfarm rejects $RIOT Riot's acquisition bid, says it undervalues the company - SI https://t.co/QLNru2ZF27
[COINDESK] Riot Platforms Is Best Suited to Consolidate #Bitcoin Mining Sector: #Bernstein $RIOT
NEW: #Bitcoin miner ⛏️ Riot Platforms acquires a 9.25% stake in Bitfarms, becoming a major shareholder, after Bitfarms rejected Riot's 💵 $950M acquisition offer. https://t.co/DUzalEgDT0
JUST IN: BERNSTEIN PRAISES #BITCOIN MINING COMPANY RIOT PLATFORMS IN LATEST REPORT
Bitcoin mining giant Riot Platforms is on track to acquire its rival Bitfarms for $950 million, accusing Bitfarms founders of not acting in the best interests of all shareholders https://t.co/IwJF1S9Vkn
.@BernsteinBuzz says @RiotPlatforms has the financial capacity to consolidate the $BTC mining space. Riot has no debt and more than $1.3 billion in cash and bitcoin on its balance sheet. @willcanny99 reports. https://t.co/eKmbldEoPA
#Riot Platforms has announced a proposal to acquire #Bitfarms to create "the world's largest publicly listed #bitcoin miner.” https://t.co/H4N2WS84y7
UPDATE: RIOT PLATFORMS, ONE OF THE LARGEST CRYPTO MINING COMPANIES, SEEKS TO ACQUIRE BITFARMS, ANOTHER LEADING MINING COMPANY
ICYMI: Riot CEO claims Bitfarms not acting in best interests of shareholders amid acquisition rejection Read the full article 👇 https://t.co/gluvbLbDCe https://t.co/ZQ07HPLAD3
Bitfarms stock rallies as rival Riot Platforms discloses rejected merger deal https://t.co/nGZdiD81ll
Riot Platforms, one of the largest crypto mining companies, will seek to acquire BitFarms, another leading mining company. Riot has acquired a 9.25% stake and planned to make a public takeover offer, but was rejected last month. Riot has proposed to acquire Bitfarms for $2.30 per…