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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Sales Drop Over 39% as Market Stalls

    Sales Drop Over 39% as Market Stalls

    NFT Trading Charts Shake Up in April as Courtyard Surges

    NFT Trading Charts Shake Up in April as Courtyard Surges

  • Gaming
    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    CoinACE Opens Early-Access Pre-Registration: Practice Crypto Trading, Earn Real ACE Tokens

    CoinACE Opens Early-Access Pre-Registration: Practice Crypto Trading, Earn Real ACE Tokens

    The Biggest Games Releasing in May 2025

    The Biggest Games Releasing in May 2025

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    What Is a Stablecoin? Meaning, Definition, Types & More

    What Is a Stablecoin? Meaning, Definition, Types & More

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    The Main Differences Between Crypto Exchanges

    The Main Differences Between Crypto Exchanges

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Sales Drop Over 39% as Market Stalls

    Sales Drop Over 39% as Market Stalls

    NFT Trading Charts Shake Up in April as Courtyard Surges

    NFT Trading Charts Shake Up in April as Courtyard Surges

  • Gaming
    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    CoinACE Opens Early-Access Pre-Registration: Practice Crypto Trading, Earn Real ACE Tokens

    CoinACE Opens Early-Access Pre-Registration: Practice Crypto Trading, Earn Real ACE Tokens

    The Biggest Games Releasing in May 2025

    The Biggest Games Releasing in May 2025

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    What Is a Stablecoin? Meaning, Definition, Types & More

    What Is a Stablecoin? Meaning, Definition, Types & More

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    The Main Differences Between Crypto Exchanges

    The Main Differences Between Crypto Exchanges

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Mining

Bitfarms defends pending buy, calls Riot claims ‘misleading’

September 5, 2024
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Bitfarms defends pending buy, calls Riot claims ‘misleading’
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Bitfarms defended its pending acquisition of Stronghold Digital Mining on Wednesday, calling recent claims from Riot Platforms “misleading.”

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Kuwait Escalates Illegal Crypto Mining Crackdown, Questioning 116

MARA Holdings Achieves Impressive 705 BTC Production in April

The months-long feud between Bitfarms and Riot was revived Tuesday when the latter company called on Bitfarms to halt all transactions ahead of its October shareholder meeting.

That message — in the form of Riot’s open letter to shareholders — came after Bitfarms last month revealed its proposed buy of Stronghold Digital.

Read more: Riot criticizes Bitfarms’ acquisition proposal, board changes

Riot, which is Bitfarms’ largest shareholder, criticized the pending $125 million stock-for-stock transaction (with Bitfarms also set to assume $50 million of debt). It noted that the $175 million sum is a more than 100% premium to Stronghold’s closing share price the day before the announcement.

Though Bitfarms did not specifically defend the amount it plans to pay for Stronghold in a Wednesday statement, the transaction offers a “tremendous value-enhancing opportunity,” the company said.

It added that the deal is set to diversify Bitfarms’ access to power and rebalance its energy portfolio toward the US. In all, the transaction could add about 307 megawatts of power capacity by the end of next year.

Riot tried to buy Bitfarms earlier this year via a so-called “hostile” bid that Bitfarms rejected. Riot now owns a 19.9% stake in Bitfarms.

Read more: A deeper look at Riot’s ‘hostile’ bid to take over Bitfarms

Accusing Bitfarms leadership of “poor corporate governance practices and consistent inability to realize Bitfarms’ full potential,” Riot called a special shareholder meeting that is scheduled for late October.

See also  Save a Tree, Buy Some Bitcoin

“The upcoming special meeting is not about corporate governance, as Riot has repeatedly positioned it to be, but rather about Riot attempting to acquire Bitfarms at a discounted price for the benefit of Riot shareholders, not Bitfarms shareholders,” Bitfarms said.

Riot has also claimed Bitfarms has not been willing to “work constructively” with the company. The latter essentially accused Riot of the same thing, noting it has refused to enter into a non-disclosure agreement with Bitfarms and has not amended its acquisition proposal.

Next month’s meeting will include a vote on two new potential board directors. Riot nominated Amy Freedman and John Delaney to replace co-founder Andres Finkielsztain and Fanny Philip as board members.

Bitfarms’ decision to appoint CEO Ben Gagnon to the board last month as company co-founder Nicolas Bonta stepped down was implemented “independently of Riot, on behalf of all of our shareholders,” Bitfarms said Wednesday.

“The board will consider and respond to Riot’s amended requisition proposal in due course,” the company added. “No shareholder action is required at this time.”

Tags: BitfarmsbuycallsclaimsdefendsmisleadingpendingRiot

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