Riot Platforms has withdrawn its $2.30 per share offer to acquire rival Canadian Bitcoin miner Bitfarms, following a failed takeover bid. Despite this, Riot is seeking to gain control by nominating three independent directors to Bitfarms' board. Riot, the largest shareholder in Bitfarms, has called for a special shareholder meeting to vote on the new board nominees and to oust Bitfarms' founder. Bitfarms had previously rebuffed Riot's $950 million buyout offer and adopted a poison pill strategy to prevent a hostile takeover. Riot's latest move aims to reconstitute Bitfarms' board before pursuing further acquisition attempts.
Bitcoin miner $Riot Platforms is seeking three board seats at rival Bitfarms $Bitf, a long-sought acquisition target that has rebuffed its $950 million buyout offer and adopted a poison pill to fend off any attempt at a hostile takeover. Riot, the biggest shareholder in…
ICYMI: Riot Platforms calls for shareholder meeting to oust Bitfarms’ founder from board Read the full article 👇 https://t.co/Ray3M9kJU8 https://t.co/HBbLICnQgN
Riot Platforms calls for shareholder meeting to oust Bitfarms’ founder from board https://t.co/Rcvt0fGWa9
Bitcoin mining firm Riot has abandoned a proposal to absorb Canadian mining firm Bitfarms for $2.30 a share. But Riot is not giving up. Click to read: https://t.co/6HiD5y9G0S
[DECRYPT] #Bitcoin Miner Riot Attempts to Purge #Bitfarms Board as Hostile Takeover Bid Fails $RIOT $BITF
Riot's bid of $2.30/share to acquire Bitfarms has failed, resulting in a hostile takeover attempt to purge its board. #BitcoinMining
Bitcoin Miner Riot Attempts to Purge Bitfarms Board as Hostile Takeover Bid Fails ► https://t.co/t4QoBZRdgq https://t.co/t4QoBZRdgq
As BTC miner Bitfarms weighs whether to sell, biggest shareholder Riot calls for new board members https://t.co/7r6svSUWSf
$LL shareholders need to vote out current mgmt / board https://t.co/b0ERuHfLZA
Riot Platforms seeks three board seats at Bitfarms after thwarted takeover bid https://t.co/R0COciZRgL https://t.co/EmTL0Vr8Qa
Bitcoin miner $RIOT withdrew its bid to buy $BITF and is looking to overhaul its rival's board before engaging in further takeover attempts. by @Aoyon_A. https://t.co/wFBsBhE2fu
Riot nominates three independent directors to Bitfarms board in latest takeover salvo https://t.co/GGbOLfVEsE
Riot has called for a special meeting of Bitfarms shareholders to reconstitute its board https://t.co/I71vSpY5IQ
🔵 RIOT PLATFORMS WITHDRAWS OFFER FOR RIVAL BITFARMS, SEEKS THREE BOARD SEATS Bitcoin miner Riot Platforms said on Monday it was withdrawing its offer for Bitfarms and had nominated three directors to the board of rival crypto miner. Full Story via Reuters on PiQ Suite - Link… https://t.co/mOR4WGEnct
Riot Platforms has called for a special meeting of shareholders at Bitfarms to vote on three new board nominees as it seeks to take over the rival Bitcoin miner. https://t.co/goa7LhyXAB